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Mount Laurel, NJ:What to Do When You Receive an IRS Notice

By
Industry Observer with OnPoint Resolution LLC

Receiving a notice from the IRS can be startling and overwhelming. If you receive a notice from the IRS, it’s important to act quickly and responsibly in order to minimize any potential tax impact. Here are some tips for minimizing the tax impact of an IRS notice

 
Understand Your Notice 
Before you take any action, carefully review your notice to understand why you have received it. The IRS will generally issue notices for several reasons, including unpaid taxes, discrepancies between your filing and their records, miscalculations, or requests for additional information or documentation. It is important that you understand why before attempting to rectify the situation. 

Contact the IRS Immediately 
Once you understand why you received the notice, it is important to contact the IRS as soon as possible. Generally speaking, taxpayers have 30 days after receiving a notice to respond with either payment or an explanation of why they disagree with the assessment. Failure to respond may result in penalties and fees being added onto the original debt amount. Responses should be made directly to the address listed on your notice - do NOT make payments online unless specifically requested by the IRS.  

Work With a Tax Professional 
In some cases, especially if there are multiple notices or disagreements involved, it may be beneficial to work with a professional tax attorney, Enrolled Agent or CPA who can help negotiate with the IRS on your behalf. They will be able to assess your situation and recommend a course of action that minimizes any potential tax impact while still adhering to all applicable laws and regulations.  


Receiving an IRS notice can provoke fear and uncertainty in many taxpayers – but don’t panic! By understanding what type of notice has been sent, responding promptly, and working with a professional where necessary, it is possible to minimize any potential tax impact while still resolving your dispute with the Internal Revenue Service in Mount Laurel NJ. Taking proactive steps now can save you time and money down the road - so don’t delay! Take action today!

Schedule your consultation today!

Fanta Kaba

OnPoint Resolution LLC

309 Fellowship Road, suite 200

Mount Laurel, NJ 08054

Tel. 973.840.7350

Fax. 347.344.6942

onpoint@onpointresolution.com

www.onpointresolution.com

 

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