Dear John Letters From The Irs

Undoubtedly, you are aware of Dear John letters. Often a young lady sent them to men in the military, often containing bad news. Well, the Irs sends them to taxpayers as well.

Dear John Letters From The Irs

The Internal revenue assistance sends out millions of Dear John letters to taxpayers every year. Instead of informing you of a break up, these letters let you know the Irs would like to get a bit closer. Before you bang your head on the wall, you should understand these letters are typically not the sign of impending doom.

Dear John letters from the Irs are technically known as correspondence audits. Instead of showing up on your doorstep, the Irs simply sends a letter regarding some aspect of your taxes. The letter may advise you the Irs believes you owe extra money because of some issue. Surprising, the Irs may also send you a consideration that it believes you overpaid some aspect of enterprise taxes. Unfortunately, it does not do this for personal returns. The letter may also comprise a request for an explanation of some aspect of your return or documentation supporting the same. Regardless, you need to understand the Irs sends so many of these out that there precisely is no reason to panic.

Importantly, the Irs approximately always asks you to take very simple steps in the letter. You are approximately always asked to agree or disagree with anything they are requesting. If you agree, you rarely have to precisely do anything other than maybe cut a check. If you disagree, you need to write a letter explaining why and then wait a few months for the Irs to get back to you. If the Irs does not agree with your explanation, a larger audit proceeding may be undertaken.

Dear John letters from the Irs approximately always cover simple matters. Make sure to keep copies of all correspondence, so you have a article of how things went down. The Irs often loses such things, so it can keep you out of issue down the road if the Irs sends a second letter on the same issue.

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