Perplexed by an IRS letter?<\/h3>
Our small business certified tax pros are available to help.<\/p>
Reasons the IRS may send a letter to your business<\/h2>\n\n\n\n
The IRS communicates with taxpayers by sending letters for a variety of issues. Here are a few of the reasons the IRS sends letters to businesses and why you may find one in your small business mailbox in the future:<\/p>\n\n\n
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- Your business is due a larger or smaller refund<\/li>\n\n\n\n
- They have a question about your small business tax return<\/li>\n\n\n\n
- They need you to confirm\/update the responsible party or contact information associated with your EIN<\/a>. (IRS Letter 6217C)<\/li>\n\n\n\n
- They need to verify your business\u2019 identity<\/li>\n\n\n\n
- You have a balance due<\/li>\n\n\n\n
- The IRS needs additional information<\/li>\n\n\n\n
- The IRS changed your return<\/li>\n\n\n\n
- There are delays in processing your tax return<\/li>\n\n\n\n
- You are being audited<\/a><\/li>\n\n\n\n
- You miscalculated your self-employment tax<\/a><\/li>\n<\/ul>\n\n\n\n
How to handle an IRS letter for your business<\/h2>\n\n\n\n
You have a couple of paths if you\u2019ve received a letter from the IRS. Of course, you could always address the issue on your own. We\u2019ve outlined those steps below. However, we know that may take time you don\u2019t have. That\u2019s why we\u2019re here.<\/p>\n\n\n\n
Block Advisors small business certified tax pros can help you understand and respond to letters you receive from the IRS. For this year’s return, if you receive an IRS notice, our team at Block Advisors can review, research, and respond on behalf of your small business by adding Business Tax Audit Support<\/a> to your return.<\/p>\n\n\n\n
1. Determine what the business IRS letter means<\/h3>\n\n\n\n
When you get an IRS business notice, you can get more information about it from the IRS website<\/a>. Simply type in the notice number located at the top right-hand corner of the notice. If you have further questions regarding your IRS business audit letter or notice, you can contact the IRS. The phone number is 1-800-829-1040. The IRS notice contains a contact phone number on the top right-hand corner as well.<\/p>\n\n\n\n
2. Gather documentation to support your case<\/h3>\n\n\n\n
If the notice indicates that the IRS is questioning something on your business tax return, gather the relevant records corresponding to that tax year.<\/p>\n\n\n\n
Pro tip: <\/strong>Whether you receive an IRS notice or not, make sure you\u2019re prepared. Keep all tax and financial documents \u2014 You never know when you\u2019re going to need backup documentation\u2026<\/p>\n\n\n\n
3. Respond to the business IRS letter or notice<\/h3>\n\n\n\n
If the IRS letter or notice for your business requires a response, you should respond by the specific date listed in order to:<\/p>\n\n\n\n
- \n
- Minimize possible additional interest and penalty charges<\/li>\n\n\n\n
- Preserve your appeal rights if you don\u2019t agree with the notice<\/li>\n<\/ul>\n\n\n\n
Keep in mind: <\/strong>IRS notices may not always be correct. That is why it is important to check your records and determine for yourself if you agree with the notice. <\/p>\n\n\n\n
Is it really the IRS trying to contact you?<\/h2>\n\n\n\n
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