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The IRS has dramatically stepped up their use of letter audits. If the IRS is unable to verify data on your return they will send you a letter seeking clarification. This letter will usually say you owe an unexpectedly large sum of money.
Relax. We can help you understand the letter.
Our experience has been that many of these inquiries can be resolved with little or no additional taxes due. If you are facing interest and penalties due to underpayment of taxes, be aware that the IRS is simply presenting their point of view. We will be happy to analyze your situation and determineall of the appropriate factors were taken into consideration by the IRS, and fight to get you a fair treatment.
First, we will examine the applicable facts and will attempt to propose an alternate presentation minimizing any liability (The tax code is rarely black or white). If, at the end of our review we still determine that you owe the IRS money, we can work to have penalties and interest waived. We can also devise a payment plan with reasonable goals and timing expectations, to be presented to the IRS within their established guidelines.
If you owe more than you can pay, we will draft an Offer in Compromise, where we present your particular situation to the IRS and negotiate a payment amount with terms that allow you to pay your obligations without having an adverse impact on your daily living needs. Individuals have saved tens of thousands of dollars and still complied with their tax duties as citizens, so if you feel like you have received an unreasonable bill please be sure to contact us.
Types of IRS correspondence
- Notice we changed your account
- Notice of audit & examination scheduled
- Notice of tax amount changed
- Notice of examination report and change to your tax
- Notice of change to your tax return due to recent audit
- CP2000
- Overview of the examination process
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