How to handle IRS tax notice after filing taxes?
After filing tax returns, you may receive a tax notice from the IRS. There is no need to panic, check out these quick guidelines :
There are few types of tax notices :
- Informational: Almost all notices of this type, clearly state there is no further action necessary & it is informational. Its most likely an acknowledgment of recently paid taxes.
- We need to notify you of delays in processing your tax return: Chances are they are still being reviewed and will take additional time to process the tax returns. It is recommended that you wait until the time mentioned on the notice before calling or visiting the local IRS office.
- Notices that may require some information from the taxpayer: The IRS usually sends notices and letters for the following, these are also relatively easier for you to review and respond to the IRS notices:
- We need to verify your identity: Read the notice carefully and provide the identification requested. In most situations, you may be required to be present at the local IRS office.
3. Notices that it may be best to discuss with a tax professional and here’s why even if you self-prepared your tax returns :
These notices usually have few adjustments. If the changes are easy to understand, then you can go ahead and provide the information requested.
In most cases, these are IRS audit adjustments based on your filed tax returns. Therefore, it is best suggested that you discuss with a tax professional. A tax professional may be qualified to understand all the reconciling differences, amend and appeal your case. In many cases, this may work in your favor & you may not owe any taxes at all.
The notices that you will receive will fall under the following categories :
- You have a balance due
- We need additional information
- You are due to a higher or smaller tax than your submitted amount.
- We have a question on your tax return
- We changed your tax return: This notice will also indicate all the adjustments made by the Internal Revenue Service.