The Dreaded IRS Letter

Have you ever received a letter regarding your tax return from the Internal Revenue Service (IRS)? doesn’t exactly create a warm, fuzzy feeling. In fact, IRS correspondence often conjures up a feeling of dread, some of which is not warranted. The first actions to take when receiving such a letter are to remain calm and read the correspondence. Ignoring it is the most common way to create an even greater issue. Letters from the IRS generally fall into the following categories: – Request additional information – Refund due – Notification of an adjustment on your return – Address change confirmation – Appointment scheduled for an audit. – Certified letter (Most… Read More

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The Dreaded IRS Letter or Notice-What should you do?

Have you received a letter from the Internal Revenue Service (IRS)? It doesn’t exactly create a warm, fuzzy feeling. In fact, IRS letters often conjures up feelings of dread and fear. The first action to take when receiving such a letter is to remain calm and read the correspondence carefully. Take note of the date provided for you to respond. Ignoring an IRS letter can exacerbate the situation. Furthermore, always pick up IRS certified letters from the post office. Keep in mind that the IRS will never initiate correspondence with you via e-mail. Beware of phishing to extract personal information under the disguise of collecting information “from the IRS.” Letters… Read More

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Has It Been Years Since You Filed a Tax Return?

You have not filed your taxes in years and the situation worsens as time goes by-feelings of dread and fear consume you. There is a good chance that you may be due a refund; however, you must request a refund within three years of the due date of the return. Another key point for filing those tax returns; the IRS ten year statute of limitations for collections. In other words, the tax balance will disappear after ten years if there are no other legal actions to toll the statute such as bankruptcy. However, the statute does not commence until tax returns are filed. The first step is to contact an… Read More

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Tax Debt Relief – 5 Things to Consider

Tax Debt Relief- Five things to Consider Many people today face IRS tax debt because the economy has really hurt their finances If you suffer from tax debt, you are looking for ways to get out of debt and have some relief from your tax debt problems. If you need tax relief, here are five things that you need to consider. 1. Get Professional Help You need to find a reliable company that you trust to help you get some tax relief. There will be a fee, so you need to make sure you choose a company that you can afford. Dealing with the IRS can be scary and intimidating;… Read More

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