Receiving any type of notification from the Internal Revenue Service (IRS) can be an uneasy feeling. Even if you regularly file taxes and are unaware of any errors, opening your mailbox and seeing an IRS return address can give anyone a sinking feeling. Fortunately, there are a number of different reasons the IRS may be reaching out and not all of them are negative. In fact, it could be due to an error on their end or even correspondence regarding a potential refund.

Over 240 million returns are filed annually and to expect each and every one to be completed flawlessly is certainly unrealistic. However, the stigma associated with IRS dealings is rightfully earned to some degree. While it is true that financial crimes and tax evasion could land you in prison, understanding the differences between negligible, intentional activity and an honest mistake is something that will be investigated, if needed. Fortunately, there are plenty of steps in that process and getting immediate professional assistance is critical anytime the IRS comes calling.

Internal Revenue Service (IRS) Contact

To begin, the IRS will never initially contact individuals via a phone call. While it is possible to set up a phone conversation, these are typically arranged in advance and all parties have knowledge of the call taking place. Unfortunately there are many scams and fraudulent activities targeting victims in relation to the IRS but taxpayers should know any official contact will come in the form of a mailed letter delivered by the US Postal Service.

Reasoning

Not all notifications from the IRS are negative. The recent Child Tax Credit initiated notification to receivers about filing and other correspondence could be requesting more information, to expose an error, verify identity, or a change in address.

Next Steps

Once a letter arrives, recipients should remember to not stress but verify the information is definitely from a reliable source and relatable to the return in question. Once confirmed to be both legitimate and accurate, individuals should begin to take steps in order to make a response in a timely manner. Ignoring a request from the IRS is likely not going to end well, instead, seeking help and developing a plan of action should be the targeted response.

Professional Assistance

Contacting your tax professional and ensuring you have someone in your corner can be extremely beneficial. Not only are they likely to have experience dealing with the IRS, but any disputes and clarifications may be more easily addressed if the help has familiarity with a situation of a quality contact. In addition, for many this will be their first experience dealing with the IRS but professional assistance offers help from individuals with a background in dealing with any issue needing to be addressed.

Should you need help after receiving an IRS letter, are needing to file a return, or are seeking answers to any other tax related questions, let the tax professionals at Bloch Rothman and Associates assist you today. In addition to providing answers for your questions, they can also take care of multiple other issues dealing with paying or owing back taxes, required audits signaled by either the IRS or an outside agency, or any other personal or corporate wealth management issues. Along with providing a top quality tax service, our group can also complete all types of returns and get answers to any other factors associated with financial issues or concerns you may have. Serving Denver and all of the surrounding areas for 35 years, our firm has an extensive history in helping clients with any and all of their tax issues or dealings with the Internal Revenue Service. If you have questions about your personal, business, estate, or any other filings, don’t hesitate to contact us today. Available for all of your tax needs, there are also a number of bookkeeping and payroll services offered to assist you and your business. We look forward to meeting you and providing the type of service you can rely on whatever your needs may be very soon!