Next Steps After Receiving IRS Mail

So, you've received a letter from the IRS. How did it make you feel? If you felt a pang of fear through your body, you're not alone. Most Americans experience anxiety regarding their taxes and the IRS because of their unfamiliarity with the topics. So what are you to do when the letter comes through the mail, and you're left to make the next right choice? Here are some essential tips to remember.

This Will Not Go Away

The IRS doesn't send casual junk mail. Ignoring or disposing of a letter from them will not make it go away. If your instinct in times of anxiety is to bury your head in the sand, let this be the time you meet a problem head-on. I work with clients all the time who are hundreds of thousands of dollars in debt to the IRS because they ignored too many letters and phone calls. 

Stay Calm

Your letter from the IRS will not be immediately followed by a knock at your door from the police. It sounds funny, but many people become instantly anxious by these letters because they don't know what to expect next. Stay calm and assemble a good accounting team to help you navigate the system.

Take Timely Action

There is no time like the present to handle the IRS issue that's looming over you. If you receive a letter from the IRS that makes you feel scared or confused, call an accountant familiar with IRS resolution to help you take appropriate action. Most accountants don’t do IRS resolution because its very complex, make sure you’re working with someone who is qualified 

Find A Qualified Accountant

I can't tell you the number of times I have helped clients get into compliance with the IRS. As important as it is to respond quickly and not ignore communications from the IRS, it's equally as important to bring your paperwork to a qualified accountant who can help you potentially reduce what you owe. This is another reminder of how important it is to keep good business and personal financial records. The more data we have, the better we can help you get out of your situation.

Soon the government will be increasing IRS funding to increase the number of audits they perform each year. This change means more individuals and business owners will need the help of experienced accountants. If a high-quality accounting firm does not already support you, I urge you to find someone. You never know when you'll need someone to turn to. At Fix-It Accounting, we've built our reputation on our ability to fix IRS problems quickly and calmly so our clients can get back to their lives. Contact us today to learn more about our services.