Search:

Home | Finance


IRS Errors

By: Darrin Mish

There is a horror tale that each tax professional can tell about the IRS making errors in the thousands of dollars. In 1986 alone, almost $2.5 billion in penalties were assessed by the IRS, while $890 million were cancelled. The manager for tax policy of the US Chamber of Commerce, David R. Burton, determined these amounts.

The serving of notices to taxpayers regarding underpaid taxes or late filing to taxpayers is another mistake made by the IRS about 15-20% of the time. This shows that millions of people need to battle the IRS for causes that are unjustified. If you receive an IRS notice and are aware that they are making a mistake, what do you do?

Jo Carole Klepack, a tax manager from New York states, "The first rule in replying to an IRS notice is not to assume that they are correct." Though a phone number is included in IRS notices for any questions, "We found that accomplished very little because when you call, you speak with a clerk who isn't familiar with the case", according to Robert Israeloff of Israeloff, Trattner, & Company.

Writing a letter is the best option as various IRS issues are resolved through the mail. Ensure that you only send copies of your legal documents. Also utilize certified mail or a proper courier service so you can verify that the mail was received by the IRS. Before your problem is resolved, you'll likely get more computer-generated notices.

If the IRS mistake includes a substantial amount of money, it's advised to pay them a visit to address an IRS agent personally. This is a much better choice than waiting for your letter to be read. It's also ideal to seek tax advice from a professional.

Most people believe that visiting an IRS office will encourage them to assess their tax records more. This isn't true. You'll be bringing the discrepancy to their attention, and you may be able to stop the proceedings sooner. It's a quicker option to get them to cease any effort at enforcement.

Though it's a rare situation, some people may also benefit from mistakes made by the IRS. A higher refund than what is entitled might be had. But it is advised not cash in these checks as these may lead to more severe IRS problems. Indeed, it's advised to be patient when addressing IRS problems.

Article Source: http://www.articlear.com

Want your next article to practically write itself? www.instantarticlewizardpro.net

Darrin T. Mish (www.getirshelp.com) is a Nationally recognized Attorney whose practice focuses on representing clients across the United States with IRS Problems. He is AV rated by Martindale-Hubbel and is a member of the American Society of IRS Problem Solvers and the Tax Freedom Institute. He has been honored by a listing in Martindale-Hubbel's Bar Register of Preeminent Lawyers. His passion is providing IRS help to taxpayers with both individual and payroll tax problems. He teaches attorneys, CPAs and Enrolled Agents in the finer aspects of IRS representation all around the United States. He can be reached at his website at www.getIRShelp.com

Please Rate this Article

 

Not yet Rated

Click the XML Icon Above to Receive Finance Articles Via RSS!