If you have received an IRS notice or a tax audit letter, there can be a number of underlying reasons. Sometimes the scenario may not be as severe as it seems. The IRS might be conducting a random audit to check whether the information reported by you is correct according to Federal tax laws, or to simply verify the accuracy of the reported tax amount. If, however, you have any outstanding taxes, you should take this audit letter seriously, and get into action in order to stay clear of a tax fraud accusation.
That is when you need the help of our IRS Tax attorneys.
The Next Steps
Whether you receive an IRS notice or an audit letter, you need to follow the steps given below to avoid any penalties or charges against you.
- Carefully read the letter. You need to clearly read it in order to figure out what the purpose of the letter is. It could be to simply inform you of any modifications in your tax return, or if you have any outstanding balance due towards the IRS.
- Respond to the letter in time. It is extremely important to send a response to the IRS within the stipulated time. This allows you to avoid any penalties or charges against you, and to preserve your appeal rights if you do not agree with the terms of the notice.
- Provide correct information requested by the IRS. The IRS generally asks for your dependent exemptions, filing status, income, and withholdings to verify the information you provide. If you withhold or provide any false information, you may be subject to an investigation and may have to face penalties if found guilty.
- Pay the amount you owe to the IRS. If you are defaulting at paying your taxes, intentionally or unintentionally, you must clear some, if not all of the amount to the IRS. If you are unable to pay the taxes, you can always go for one of the many provisions offered by the IRS to help taxpayers clear their tax debts.
Need Legal Representation? Get in Touch With Us!
If you do not agree with the claims of the IRS in the notice or findings in the audit letter, you can challenge it by filing an appeal. The procedure of filing an appeal, however, is complex and requires legal expertise. That is when you need an IRS tax professional such The Law Offices of Nick Nemeth. To learn more or schedule a consultation with Attorney Nick Nemeth fill out our contact form or simply call (972) 627-4580.