5 Tips to Deal with IRS Tax Problem
Facing IRS tax problems is a very common issue with many people. The entire problem can cause quite a panic, more so as most people simply sit clueless about how to solve it. If you live in New York, you can always hire the help of a tax lawyer in New York. However, we present here the five simple yet effective tips that will help you deal with IRS tax problem:
1. Make sure the IRS notice is not left unnoticed as making the payments on the scheduled payoff date may reduce your penalties as well as lower the rate of interest on the amount that you’re supposed to pay off.
2. Read the notice again and again. Going through it once won’t help you understand it completely. Try to understand what the main statement of the notice is. Write down important facts like the specific issues that are in dispute, the tax year the notice is referring to, the payment that you’re supposed to make in order to satisfy the liability etc.
3. Review the IRS notice thoroughly and find out what the items are, which are questioned in the tax file for that year. If required, schedule a meeting with your CPA (Certified Public Accountant) and discuss all the issues in detail. Before you meet him/her, make sure you mail him an IRS power of attorney so that he/she can act on your behalf.
4. You will find the contact information of your IRS agent at the right-hand corner of the notice. If you feel, you can call him to discuss about the notice. Don’t forget to note down the time, date, the person you spoke to, and the important details of the conversation.
5. While meeting your CPA, bring all the important documents – the note about the disputes, the note regarding the phone call with the IRS, and the notice itself.
Above all, if you feel you would rather let a professional handle the case, make sure to hire a competent and experienced tax lawyer in New York.
1. Make sure the IRS notice is not left unnoticed as making the payments on the scheduled payoff date may reduce your penalties as well as lower the rate of interest on the amount that you’re supposed to pay off.
2. Read the notice again and again. Going through it once won’t help you understand it completely. Try to understand what the main statement of the notice is. Write down important facts like the specific issues that are in dispute, the tax year the notice is referring to, the payment that you’re supposed to make in order to satisfy the liability etc.
3. Review the IRS notice thoroughly and find out what the items are, which are questioned in the tax file for that year. If required, schedule a meeting with your CPA (Certified Public Accountant) and discuss all the issues in detail. Before you meet him/her, make sure you mail him an IRS power of attorney so that he/she can act on your behalf.
4. You will find the contact information of your IRS agent at the right-hand corner of the notice. If you feel, you can call him to discuss about the notice. Don’t forget to note down the time, date, the person you spoke to, and the important details of the conversation.
5. While meeting your CPA, bring all the important documents – the note about the disputes, the note regarding the phone call with the IRS, and the notice itself.
Above all, if you feel you would rather let a professional handle the case, make sure to hire a competent and experienced tax lawyer in New York.