Vero Beach Tax Attorneys Assisting With Responses to IRS Notices In Fort Pierce, Stuart, Port St. Lucie, Jupiter & All of Florida

For most people, the only welcome correspondence from the IRS is a letter containing a refund. Anything else is certain to create anxiety, as the correspondence is sure to require a dreaded audit be difficult to understand and interpret. The substance of the letter may be baffling, or it may seem like the IRS is requesting information that had already been submitted with the return. Some common reasons for receiving a notice from the IRS are:

1. Misspelled or Incorrect Name – The name provided in the original return was inaccurate or incorrect. The taxpayer must either return a form included with the notice or file a corrected return (Form 1040X), depending on the IRS’s request.
2. Incorrect or Nonexistent Social Security Number – The number provided in the original return does not exist or does not match the name given. As above, the taxpayer must either return a form included with the notice or file a corrected return, depending on the IRS’s request.
3. Overpaid Tax (CP-49) – The amount of tax paid exceeds the amount owed. The letter will state the amount and will be adjusted against the other taxes owed by the taxpayer. Unless the taxpayer disputes the amount of the overage, the IRS does not require a response and will generally process the return in about six weeks.
4. Estimated Tax Discrepancy (CP-23) – This notice will be issued when the estimated tax and submitted tax do not correspond. Since resolving the discrepancy generally requires collection of W-2 forms, cancelled checks, bank statements, and the like it is best to file a response in dispute, paying only the tax due but not the difference disputed.
5. Audit Request – The IRS may request an audit for any number of reasons. Upon receiving such notice it is best for the taxpayer to retain a tax professional to represent them in the audit, as they will be able to get the auditor the information required in the most efficient and effective manner.
6. Underpaid Tax (CP-14) – The IRS will send this notice if they calculate that a taxpayer has paid less tax than they owe. If the taxpayer disputes this calculation, they may return records showing that the correct amount was paid, or if in agreement, they may pay the owed amount.

Regardless of the reason the IRS sent the letter, it is critical that the taxpayer responds in a timely manner and gives accurate information – failure to do so can create a problem or can make an existing problem worse. Residents of Vero Beach, Fort Pierce, Port St. Lucie, Stuart, Hobe Sound, Jupiter, and locales throughout the Treasure Coast can contact the knowledgeable tax attorneys at Yesner & Boss, P.L. for a consultation to determine the most appropriate response and approach to the IRS’s concerns. Helping individuals and businesses in Indian River, St. Lucie, and Martin Counties, Yesner & Boss, P.L. is the preferred choice for tax problem resolution.