You go to the mail box and find that you have a letter from the IRS. Usually, the notice covers a very specific issue about your tax return. Sometimes it is serious—but most of the time it’s no big deal. But just in case one does show up, here are some of the things you should know.
Don’t panic. It may just be a simple explanation.
Each letter is very specific as to what you need to do to answer the inquiry.
If the notice is about a “correction” on your tax return, compare it with the numbers on your return.
If you agree, nothing further needs to be done. It was just a notice that the IRS changed something.
If you do not agree, it is important that you respond to the request within the time period outlined in the IRS letter.
If you do not agree, respond in writing why you disagree. Tear off the bottom portion of the letter and return it, along with any relevant documents or information.
Keep copies of everything you sent to them.
Mail to the address the IRS provides in the letter.
Allow 30-45 days for a reply.
Most issues should be handled in writing. However, if you have a question, use the phone number provided in the upper right-hand corner of the letter.
If you’d like to know from year to year what the recent tax changes will be, visit IRS.gov, click on the “News Tool Bar” and then select “e-news Subscriptions.”
Published by Heather Paige Moody
Welcome! I'm Heather ( AKA: Paige) Moody . A Little About me: I was born and raised in a small town in Eunice, Louisiana where I started my first mortgage company in 2005 at the age of 21 years old. Since 2005 I’ve grown to know everything when it comes to the industry, from owning a mortgage company, processing loans, mortgage underwriting rules, to now managing.
Why I’m in the Mortgage Business:
My family has a history of Banking and real estate . I could see at an early age how satisfying the real estate profession was for them, so I started off as a Real Estate agent and quickly realized that the mortgage side was my passion.
I am a mother of 4 very active kids that have been/ are being raised in the Real Estate /mortgage world. I have always said that their first baby blanket was a file folder.
I love to be able to teach that going the extra mile for others is such a blessing to us as well as the other person. Most importantly that no matter what the obstacle is that we must work hard and give it our all in all that we do. Our family lives at a field or a gym for most of the year. Between baseball, cheer, volleyball, football and anything they can possibly sing up for, I have developed little-known disease called Bleacher Butt.
When I am not working ( or should I say.. not behind my desk) or attending an event for one of the kids . I really enjoy bible studies , reading and listening to podcast. My children go to 2 different schools and I am so blessed to be part of two Mom’s in Prayer groups. It is a National Organization that Moms can get together to pray for our children and our school.
As the Southern Mortgage Mom, I help homebuyers and Real Estate Agents make the Mortgage buying process as stress free as possible. I have been called the miracle worker by clients and agents( on occasion) because I have saved some mortgage loans that others have denied . It has nothing to do with miracles , but all to do with knowing how to get a loan approved.
If I am lucky enough that you chose me or my team as your go to lender, I promise that I will be fair, I will be honest and you will feel like family when you sign the final papers and I will keep in touch (till you tell me not to) long after the mortgage loan is closed. Looking forward to working with you when it comes time to buy a home or refinance your current mortgage.
View all posts by Heather Paige Moody
Southern Elite Team 