Learn how the new tax laws affect you
There are countless new tax law changes that will affect almost all taxpayers this year. Most notably are higher tax rates, loss of deductions, and...
Getting a letter from IRS or State Department of Revenue could be alarming for all of us. However, it doesn’t always have to be as unnerving as it appears to be. Each year, the IRS sends out millions of notices to taxpayers. Some are only informational and others require a response. Generally, the IRS or state will send a notice if they believe the taxpayer owes additional tax, are due a larger refund, or if there is a question about their tax return or need additional information.
The letter would state what kind of notice it is, which year it pertains to, which tax matter it relates to and what action needs to be taken upon receiving the notice including the phone number to call to discuss the notice.
What should you do when you receive a letter from the IRS?
Baldwin CPAs is equipped to resolve all of your tax issues. Please call us if you need assistance.
/posted by Tripti Kedia, CPA
There are countless new tax law changes that will affect almost all taxpayers this year. Most notably are higher tax rates, loss of deductions, and...
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