Why you shouldn’t ignore any letters from the IRS
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You can’t ignore the Internal Revenue Service letters if you need your refund as quickly as possible.
Even though Tax Day is past, letter writing continues to be a common practice at this time. These letters are usually for additional information about your tax return, or to confirm your identity. You could delay your refund by not responding for several weeks, months or even leave it unclaimed.
A letter called an “adjustment” may also be sent to you. It informs you about the additional tax owed and changes in your refund amount. Most often, an adjustment is made based on inaccurate information entered in your tax return.
These letters include instructions about how to pay the taxes due and how you can dispute your claim if they have made errors in their calculation.
If you are given an IRS notice, letter, or notification there are three things that you can do.
1. Don’t panic
Some letters sent by the IRS may not be tax bills or audit notifications. You might receive a check to get a refund if you don’t anticipate it. This is based upon an IRS adjustment that was made on your tax return.
2. It’s important to not ignore it
You should respond to any letter that requires action or a reply as quickly as you can. To avoid any escalating debts to the IRS you will want to address it immediately. late penalties and interestCharges on your bill. Even if there is nothing owing, it could delay your refund.
You can pay the bill if you receive it. the IRS has a repayment planThis can be paid in monthly installments. Remember: you won’t be sent to jailDon’t think you cannot afford your tax bill.
3. The letter should be kept.
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