Received a letter from the IRS? Here is what to do.
As a business owner, you have many responsibilities especially when it comes to reporting to the IRS. Today, we are going to talk about what should you do if you receive an IRS letter. Firstly, do not panic but you also need to make sure you do not ignore or forget about it. Take a moment to try and understand it. If you do not understand the letter, you need to take timely action to consult with a CPA to understand the issue so you can resolve it. Using professional tax help will help you review, respond, and avoid any potential scams when receiving a document mailed from the IRS. The IRS offers 3 tips: Read, Respond & Pay (if necessary). However, not all IRS letters require a taxpayer to pay. Just remember to seek professional assistance and there is no need to panic if there is something you do not fully understand. Have an IRS issue unresolved and need a professional to talk to? Feel free to reach out to us. We are happy to help! #IRS #Taxes #Business #Accounting