Wrapping up tax season is accompanied by a sense of relief for most businesses and individuals. However, just because you filed a tax return doesn't mean that the process is complete. Sometimes, the Internal Revenue Service (IRS) sends out letters well after the April 15th deadline. Here's a closer look at why this event occurs and how to tell if your letter signifies the need for IRS help.

Why the IRS Sends Letter Notifications

All official IRS communication takes place through the mail, so there's a variety of reasons they send them out. Some of the top reasons include needing more information, a request for identity verification, and a change in the original refund amount. Occasionally, the agency sends out letters when the expected return processing time is extended.

There are also more serious notifications that require you to take further steps, such as making a payment or seeking IRS help. One of the most common is a tax balance, in which they require payment by a specific deadline. Notice of an audit is less common in general but there's still a chance, especially if you've undergone a significant change in income or deductible totals.

How to Respond

As soon as you receive a letter from the IRS, review the information in full. In some cases, no reply is necessary, like with an official payment receipt or account balance change. However, if there's an error, you need to dispute it as soon as possible. Additionally, a payment request needs to be handled quickly to avoid a potential lien or levy.

When further action is required, there are a few ways to go about the process. You can respond directly to the agency or make a payment. There's also the option to utilize professional IRS help from an accountant. With this service, the individual handles all communication with the IRS and assists you with putting together documentation. They can also help you submit an offer in compromise for any remaining balances on your tax account, as well as provide IRS representation for audit purposes.

If you're in need of IRS help, learn more about your options by turning to Selph and Friday, CPA in Texarkana, TX. Since 1986, the team has provided personable accounting services to businesses and residents throughout Bowie County, including tax preparation, bookkeeping, and audit support. Visit the firm online to learn more about their IRS representation services or request a no-cost consultation today at (903) 792-0281.