A Guide from First Coast Accounting
Receiving a letter from the IRS can be a nerve-wracking experience, but it’s important to remain calm and approach the situation methodically. At First Coast Accounting, we believe in empowering our clients with the knowledge they need to handle such scenarios confidently. Here’s a step-by-step guide on what to do if you find yourself holding an IRS notice.
1. Read the Notice Carefully
First and foremost, read the letter thoroughly. The IRS issues various types of notices for different reasons. It could be about a discrepancy in your tax return, additional information required, or a change to your account. Understanding the content and purpose of the notice is crucial for taking the appropriate action.
2. Verify the Information
Cross-check the information provided in the letter with your records. Ensure the notice relates to your tax history and that there are no errors. Mistakes can happen, and sometimes the IRS might have incorrect data.
3. Don’t Panic
It’s easy to feel overwhelmed, but most IRS letters involve routine issues that can be resolved without dramatic consequences. Avoid rushing into drastic actions like paying the requested amount immediately without verifying the details.
4. Take Action Promptly
While it’s essential to remain calm, it’s also important not to delay. The notice will typically provide a deadline for your response or payment. Adhering to this timeline will help avoid additional penalties or interest.
5. Seek Professional Assistance
This is where professional help becomes invaluable. Lisa Whitley, our IRS Enrolled Agent at First Coast Accounting, is equipped with the expertise to navigate these matters.
Why Choose an IRS Enrolled Agent?
An IRS Enrolled Agent (EA) is a federally authorized tax practitioner who has technical expertise in taxation and is empowered by the U.S. Department of the Treasury to represent taxpayers before the IRS. Lisa Whitley’s qualifications as an EA mean she can provide a higher level of service and peace of mind to our clients.
1. Unlimited Practice Rights
As an EA, Lisa can represent any taxpayer regarding any tax matter before any IRS office. This broad authority is beneficial if your issue escalates to require negotiations or appeals.
2. Extensive Knowledge
To become an EA, Lisa passed a rigorous three-part comprehensive IRS test covering individual and business tax returns. Additionally, she is required to complete continuing education courses annually to stay updated on the ever-evolving tax laws.
3. Client Advocacy
Lisa’s role is to act in the best interests of clients. She is dedicated to ensuring that you are protected and receive the best possible outcome in your dealings with the IRS.
How First Coast Accounting Can Help
When you bring your IRS letter to First Coast Accounting, we will:
– Review the notice and your tax records.
– Clarify the nature and reason for the notice.
– Advise you on the best course of action.
– Communicate with the IRS on your behalf.
– Ensure your response is timely and accurate to avoid further complications.
Lisa Whitley and the team at First Coast Accounting are here to support you every step of the way. Dealing with the IRS doesn’t have to be daunting when you have experienced professionals in your corner.
Conclusion
Getting a letter from the IRS can undoubtedly be stressful, but understanding the steps to take and having an IRS Enrolled Agent like Lisa Whitley on your side can make all the difference. Don’t navigate this alone — reach out to First Coast Accounting for expert guidance and support.
For more information or to set up an appointment with Lisa, please visit our website or call our office today. We’re here to ensure your peace of mind and financial stability.
