RefundtalkYour tax refund is being held, pending a review of your tax return. The IRS may contact third parties to verify the information shown on the tax return. IRS Notices CP05 & CP05A both indicate that the IRS is holding your refund pending a request for information. The IRS CP05 letter is a notification to inform you…
Category Archives: IRS Letters & Notices
IRS Offers Guidance To Taxpayers On Identity Theft Involving Unemployment Benefits
The Internal Revenue Service today urged taxpayers who receive Forms 1099-G for unemployment benefits they did not actually get because of identity theft to contact their appropriate state agency for a corrected form. States issue Forms 1099-G to the taxpayer and to the IRS to report what taxable income, such as refunds or unemployment benefits,…
I Got A Notice From The IRS
What Should I Do?The Internal Revenue Service (IRS) will send a notice or a letter for any number of reasons. It may be about a specific issue on your federal tax return or account, or may tell you about changes to your account, ask you for more information, or request a payment. You can handle…
IRS Notices and Letters
The IRS has many different types of notices that they may send out to taxpayers. A notice will cover a very specific issue about the taxpayer’s account or tax return. Generally, the IRS sends notices when they believe a taxpayer owes additional tax or if there is a question about an item on a return. It’s…
Tax Audits: What These IRS Notices Mean
We will cover the many letters or notices that the Internal Revenue Service sends to individual taxpayers regarding tax audits. Please be advised that all tax audits should be handled by an experienced tax professional. IRS NOTICE DESCRIPTION CP11–Audits This notice states that your return has been changed because the IRS believes there was a…
Common IRS Notices
No one likes it when the IRS reaches out to them. The agency is like that one neighbor you never liked as a kid who never got the hint and just kept coming over. Chances are, he’s gonna call today too. The IRS sends millions of letters each year to taxpayers who, quite frankly, don’t…
Understanding Your IRS Notice Or Letter
Your notice or letter will explain the reason for the contact and give you instructions on how to handle the issue. If, when you search for your notice or letter using the Search on the irs.gov page, if it doesn’t return a result, or you believe the notice or letter looks suspicious, contact the IRS…
Seven Things to Do When an IRS Letter Arrives
The IRS mails millions of letters to taxpayers every year for many reasons. Here are seven simple suggestions on how individuals can handle a letter or notice from the IRS: 1. Don’t panic. Simply responding will take care of most IRS letters and notices. 2. Read the entire letter carefully. If you don’t fully understand your…
Are you waiting on your IP PIN in the mail?
Attention identity theft victims: IP Pin Number should be mailed by Early January each year. Here’s how to get one, reissued if it was lost or if you moved… The Identity Protection PIN is the result of an IRS program to help victims of Tax ID Theft. The Identity Protection PIN is a six-digit Identity…
About Your Notice
If you receive a letter or notice from the IRS, it will explain the reason for the correspondence and provide instructions. Many of these letters and notices can be dealt with simply, without having to call or visit an IRS office. The notice you receive covers a very specific issue about your account or tax…
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