IRS Letters: Tax Scam or Something You Need to Address? | Long Island Tax Solutions - PowerPoint PPT Presentation

About This Presentation
Title:

IRS Letters: Tax Scam or Something You Need to Address? | Long Island Tax Solutions

Description:

In order to help you determine whether the IRS letter you received is a scam or something you need to address, experts from Long Island Tax Solutions have mentioned some important tips and information in this presentation. – PowerPoint PPT presentation

Number of Views:23

less

Transcript and Presenter's Notes

Title: IRS Letters: Tax Scam or Something You Need to Address? | Long Island Tax Solutions


1
IRS Letters Tax Scam or Something You Need to
Address?
  • Long Island Tax Solutions

2
Steps To Follow If You Receive An IRS Letter?
  • If you receive a legitimate letter from the IRS,
    you need to take action to address whatever the
    IRS needs. There are many situations where the
    IRS is simply sending you a notice, and you may
    not have to do anything.
  • However, if the IRS is requesting additional
    information, it is important to completely
    understand what they need and act quickly to
    address the letter.
  • Tax letters can be confusing because it may not
    be clear what the IRS needs or how you should get
    the information to them. Consult tax
    professional, they will be able to help you
    decipher the tax letter and share the right
    information with the IRS. They are also better
    able to tell a legitimate letter from a scam as
    well.

3
Most Common Reasons Why IRS Send Letters
  • You have a tax balance due
  • The IRS has a question about your tax return
  • Identification verification
  • To notify you about a change in your tax return
  • You are due a smaller or larger tax refund
  • To get additional information about your taxes
  • Notification about a delay in processing your
    return

4
How Often Does the IRS Send a Tax Letter?
  • The IRS sends literally millions of letters to
    taxpayers every year for various reasons. In most
    cases, the letters do not deal with audits. In
    fact, the IRS audits just 0.5 of all returns
    submitted, which amounts to approximately one
    million tax returns.

5
What Are the Methods of Communication That the
IRS Uses to Contact Taxpayers?
  • In most cases, communication with the IRS will
    start with a letter.
  • There are a few more time-sensitive situations
    where the IRS will use a different method of
    communication to initiate contact. Delinquent tax
    returns and overdue tax bills are the most common
    reason.
  • The IRS can occasionally show up to your home or
    business unannounced to conduct an audit or as
    part of a criminal investigation. Note that these
    circumstances are rare most contact starts with
    an IRS letter.

6
How to Avoid a Tax Scam
  • Things you can do to avoid scam include
  • Never give debit, credit, or bank account
    information out over the phone
  • Never respond to social media or text messages
    the IRS does not contact people in this way
  • Check your tax account information online at
    IRS.gov
  • Read your tax letter carefully to check for
    visible signs of errors or omissions

7
For more info Visit Long Island Tax Solutions
  • Address 1352 Stony Brook Road Stony Brook, NY
    11790
  • WEB URL www.longislandtaxsolutions.com
Write a Comment
User Comments (0)
About PowerShow.com