Ever receive a notice from the IRS and worry that you’ve got yourself into some serious trouble? Do you wonder if it’s a scam notice and you should just ignore it? Does it show that you owe a large amount that you are in no way prepared to pay off?
Before taking any action, decide if you are ready to spend at least 1 hour on hold, let alone to complete the entire conversation. Also, if you’re not prepared to pay your debt, it may be in your best interest to get the advice of a tax professional to learn what options you may have. A settlment officer from Republic Tax Relief can help you determine if the notice is a fake and what type of notice it is. Also, if you have about 10 minutes they can conduct an interview to see if you qualify for programs that can help you resolve your debt. Call this number to be connected … (800) 663-6320
If you’re the kind of person that likes to handle thing yourself, here are some things to keep in mind:
- Don’t Ignore It. Even if you’re not prepared to pay the debt, it is best to confirm what type of notice it is by calling them directly.
- Read the notice carefully. It will usually state specifically a timeframe for response before any action is taken, if at all. The letter will also have contact information, so don’t make the mistake of calling the direct IRS phone number if there is a special unit handling your matter.
- Look for the IRS Title “Revenue Officer”. IRS notices usually deal with a specific issue about your tax return or tax account. Your notice or letter will explain the reason for the contact and give you instructions on how to handle the issue. However if your notice is signed by someone with a title of Revenue Officer, your account has been escalated and you do have a serious matter to investiage. Revenue Officers CAN and WILL visit you in person. They can even visit your place of business if your debt is business related. Although you can handle all IRS matters on your own, this is a situation where reaching out to a tax professional is in your best interest.
- Correction Notice. If the IRS corrected your tax return, you should review the information provided and compare it to your tax return. If you disagree with the correction they have made, you can dispute the change. If you agree, you don’t need to reply unless a payment is due.