If you receive a letter or notice from the IRS
If you receive a letter or notice from the IRS, it’s important to read it carefully and take any necessary action. The letter or notice will explain why you received it and what steps you need to take, if any.
Some common reasons why you might receive a letter or notice from the IRS include:
- A discrepancy on your tax return: If the IRS notices a discrepancy on your tax return, such as a mistake in your income or deduction amounts, they may send you a notice asking for additional information or documentation to support your claim.
- A request for payment: If you owe taxes or have a balance due on a previous tax return, the IRS may send you a notice requesting payment or outlining your payment options.
- A change to your tax account: If there has been a change to your tax account, such as a correction to your tax liability or a change in your refund amount, the IRS may send you a notice explaining the change.
If you receive a letter or notice from the IRS, it’s important to respond promptly and provide any requested information or documentation. If you have questions or concerns about the notice, you can contact the IRS using the phone number or address provided on the letter or notice.
It’s also important to be cautious of scams and phishing attempts that impersonate the IRS. The IRS will never contact you by email, text message, or social media, and will always provide official contact information on any letters or notices you receive. If you receive a suspicious communication that appears to be from the IRS, you should report it to the IRS immediately.
If you receive a letter or notice from the IRS, it will explain the reason for the correspondence and provide instructions. Many of these letters and notices can be dealt with simply, without having to call or visit an IRS office.
The notice you receive covers a very specific issue about your account or tax return. Generally, the IRS will send a notice if it believes you owe additional tax, are due a larger refund, if there is a question about your tax return or a need for additional information
According to the IRS website; You can make monthly payments through an installment agreement if you’re not financially able to pay your tax debt immediately. However, you will reduce or eliminate the amount of penalties and interest you pay and avoid the fee associated with setting up an installment agreement if you pay your tax bill in full. Before you apply:
File all required tax returns;
Consider other sources (loan or credit card) to pay your tax debt in full to save money;
Determine the largest monthly payment you can make; and
Know that your future refunds will be applied to your tax debt until it is paid in full.
Fees for setting up an installment agreement:
$52 for a direct debit agreement;
$120 for a standard agreement or payroll deduction agreement; or
$43 if your income is below a certain level.
Apply for an installment agreement
Apply online if you owe $50,000 or less in combined individual income tax, penalties and interest;
Call the phone number on your bill or notice;
Complete and mail Form 9465, Installment Agreement Request (PDF). If you owe more than $50,000, you will also need to complete Form 433-F, Collection Information Statement (PDF). read more and see forms