The 2023 tax season is here! Taxpayers all over the nation are gathering necessary documents to file, collecting documentation to claim their deductions and credits, etc. Around this time of year, the IRS sends out letters or notices to taxpayers for various reasons. It’s important to respond timely to prevent any unnecessary consequences regarding your tax account.
Why Did The IRS Send Me A Notice Or Letter?
The IRS sends letters or notices to taxpayers for many different reasons. These notices or letters typically pertain to specific issues with a taxpayer’s federal tax return or account. The notice will provide information about any changes made to the account, and will also include instructions on how to address the issue.
When you read your notice and recognize that you owe money to the IRS and know you’ll have trouble paying off that amount, IRS Fresh Start Program helps provide taxpayers such as yourself with more flexible repayment terms and initiatives that may reduce or even eliminate your tax debt without imposing penalties. Note that not all IRS notices or letters are bad, it’s a good practice to immediately calmly read and take the necessary actions the IRS included in the document.
1. Find Out Why You Received The Notice Or Letter
It is important to read the notice carefully in order to fully understand the reason for the IRS’ contact and the importance of the issue.
- You have a balance due.
- You are due a larger or smaller refund.
- We have a question about your tax return.
- We need to verify your identity.
- We need additional information.
- We changed your return.
- We need to notify you of delays in processing your return.
IRS Fresh Start Program is always here as a lending hand to you on your tax debt journey. You’re one form away, one call away from receiving tax assistance to help reach an arrangement with the IRS and allow you to pay a more reasonable amount.
2. Do I Need To Take Action? Make Any Payments?
After thoroughly reviewing the letter or notice, you will be able to determine if any action is needed on your part. For example, if the IRS is requiring you to give a response by a certain date, you should do so immediately to prevent additional interest and penalty charges, preserve your appeal rights if you don’t agree, and further actions from being taken against you or your tax account. You’ll just need to analyze the notice or letter to make sure you take the appropriate action or submit your payment so you’re in compliance with the IRS. If you toss your IRS notice or letter to the side and ignore it, there’s no doubt you’ll accrue interest and penalties on top of the tax debt you may already have. Reach out to the IRS Fresh Start Program via phone call or by filling out a form here: Do You Qualify For Tax Debt Relief? to see if you qualify for the program.
Being eligible for the IRS Fresh Start Program is determined based on the severity of your financial situation and your tax debt amount listed on your IRS notice or letter. Take note and take action immediately (if needed) to prevent additional interest and penalties.
3. “I Agree With The IRS Notice.”
In general, you don’t need to provide an explanation if you agree with the notice, although there may be certain exceptions. For example, if the gross income reported to the IRS by your employer doesn’t match the amount you reported on your return, the agency will send a notice for you to fill out, sign, and mail to the IRS so they can make the necessary changes to your tax account.
It’s important to make sure you read the instructions carefully even if you agree with the notice in case the IRS is requesting something that they need from you. In cases like these, if you don’t take immediate action, there will be consequences such as additional interest and penalties and we don’t want that right? The IRS Fresh Start Program can be your next step to financial security. Through the 5 main programs of the IRS Fresh Start Program, many taxpayers and business owners who qualify for the program and were overwhelmed with taxes have their federal or state taxes reduced or even eliminated based on their financial situation and tax debt amount.
4. “I Disagree With The IRS Notice!”
In a case where you have a tax dispute with the IRS, you will need to take action as soon as you possibly can. Note to see if the IRS requires a response from you first. Doing this will save you time and money and your account from accruing penalties and interests, depending on your tax situation.
If you believe you meet the criteria for an appeal, you can request one by submitting a written protest. To do so, complete your protest and mail it to the IRS address provided in the letter that explains your appeal rights. It is important to note that the protest should not be sent directly to the IRS Independent Office of Appeals (Appeals), as this will only delay the process and may prevent Appeals from reviewing your case. Before forwarding your case to Appeals, the IRS Examination or Collection office that made a tax assessment or initiated collection action will review your protest and attempt to resolve the disputed tax issues. If that office is unable to resolve your issues, they will send your case to Appeals for further consideration.
If you recognize that you may have trouble paying off your tax debt amount, make sure to visit the IRS Fresh Start Program to see if you qualify to be enrolled in one of the 5 main settlement programs. Working with a tax debt relief company will not only save you headaches but potentially a lot of money as well if you’re eligible. Fill out your information here: Sign Up Now To See If You Qualify For Tax Debt Relief
A Reminder For Taxpayers To Keep The IRS Notices Or Letters
It is important to retain copies of all notices or letters received from the IRS as well as any notices or documents sent to the IRS, in case they are needed for future reference. Taxpayers should maintain these records for a period of three years from the date the tax return was filed.
Receiving IRS Notices Or Letters Overview
If you received an IRS notice or letter and you’re having trouble paying your tax debt, it is important to contact the IRS as soon as possible to discuss your options but in the case where you cannot, you must get into a payment plan with the IRS that lets you pay your tax liabilities over a period of time. The IRS Fresh Start Program consists of 4 main programs that are accessible to taxpayers who owe much more than they can reasonably afford to pay. The four major programs are as follows: Currently Not Collectible (CNC) Offer In Compromise (OIC), Installment Agreement (IA), and Penalty Abatement (PA).
These relief programs from the IRS Fresh Start Program allow qualified taxpayers the option to reduce or even eliminate their tax debts. These tax experts will help you qualify for the program and help you figure out which options will give you the most suitable outcome. Especially if the agreed amount from the installment agreement that you’ve previously set up with the IRS is a bit harder to pay off these days. It is very important for taxpayers to remain tax compliant because it will save you interest and penalties on the current year and prevent you from a continuous circle of always owing tax.
Resolve Your Tax Bills
If you’ve found yourself in a nasty mess with the IRS, take a deep breath. For taxpayers who may have difficulty paying off an excessive amount of tax debt, there’s a new and improved relief program that consolidates many major relief programs into a one-size-fits-all assistance program. Any issues regarding back taxes, unfiled years, or any other tax-related problems may be solved through one program; the IRS Fresh Start Program!
See If You Qualify For The Fresh Start Program Today!
Resolve your tax debt before the IRS surprises you with late fees and penalties!
- Answer a few questions
- Qualify and be presented with a resolution – click here
- Enroll in Fresh Start