Receiving a tax notice from the IRS or state tax authorities can be stressful. These notices may relate to various issues such as discrepancies in your tax return, missed payments, or audits. Federal notices come from the IRS, while state notices come from state tax agencies. Understanding the issue and addressing it quickly is crucial to avoid penalties, interest, and other legal consequences.
Common Types of Tax Notices
Federal and state tax notices can vary, but some of the most common include:
IRS Notice of Underreporting: The IRS believes you owe more taxes than what was reported on your return.
IRS Audit Notification: A request to review your tax return for discrepancies or errors.
Notice of Balance Due: A notice indicating that you owe additional taxes, penalties, and interest.
State Tax Liabilities: Notices from state tax agencies for unpaid taxes, penalties, or audits.
Penalty Abatement Requests: If you believe penalties should be removed or reduced, these notices can help resolve the issue.
How We Can Help with Federal and State Notices
Our team of tax professionals is experienced in resolving all types of federal and state tax notices. We provide comprehensive services to help:
Understand the Notice: We carefully review the notice to determine the reason for the issue and its potential impact.
Dispute or Appeal: We can assist you in disputing the tax liability or filing an appeal if the notice is based on inaccurate or incomplete information.
Negotiating with Authorities: We work directly with the IRS or state agencies to resolve issues, including negotiating settlements or payment plans.
Penalty Abatement: If you qualify, we can assist with requesting a reduction or removal of penalties related to the notice.
Compliance and Filing: Ensure that your tax returns are fully compliant, and help with filing amended returns if necessary.
If you've received a tax notice or believe you may be facing one, contact us immediately. Our team will work with you to resolve the issue, minimize your liabilities, and ensure compliance with federal and state tax laws.