Additional Items to Remember When You Receive an IRS Notice
In resolving problems raised in IRS notices, it should be kept in mind that taxpayers generally have 30 days from the date of the CP-2000 Notice to respond. The tax code provides that if you don’t object to an automated adjustment notice within 60 days, it becomes final.
It is extremely important that the IRS has your correct mailing address so that you timely receive any notices or other correspondence from the Service. Taxpayer’s have valuable opportunities to contest unfavorable findings made by the IRS. However, in order to do so, a taxpayer must generally exercise these rights within certain time deadlines which are set forth in correspondence sent by the IRS. Unfortunately, the IRS only has to send its correspondence to the last known address of the taxpayer. The taxpayer is not necessarily required to receive the correspondence. In other words, hiding from the Service will only hurt the taxpayer.
Whenever a taxpayer gets a new mailing address, it is a good idea to notify the IRS of this new address. This notification can be accomplished by completing an IRS Form 8822, Change of Address, and mailing it to the IRS at the address listed in the instructions. Form 8822 can be obtained from the IRS website.
If you receive a computer-generated notice from the IRS it is important to review it as soon as possible and, if anything in the notice appears incorrect, to contest the notice in writing before the due date set forth in the notice. Never ignore notices from the IRS.
If you don’t understand anything in the notice or need help, we can assist you. It is best to get us involved as early in the process as possible.
We have successfully responded to numerous IRS notices which have resulted in significant reductions in the amounts assessed by the IRS. Call us today at 813-760-0722 to discuss your situation or contact us here to schedule an appointment.