Receiving unexpected correspondence from the Internal Revenue Service can make any Colorado resident nervous. If a person opens a letter and finds an audit notice, a pit may quickly form in their stomach. However, this process does not have to seem as scary as many people think, and taxpayers do not have to go through it alone.
Contact Beem & Isley for help right away!
One of the first things to do after receiving this type of notice is to read it carefully. In some cases, the IRS may simply need additional information or supporting documents that the taxpayer can mail in. This information could clear up any confusion the IRS may have about a part of the tax return, and the matter could be settled fairly quickly. If more information is needed, only send what is requested.
The biggest mistake to avoid is ignoring the notice. In some cases, taxpayers may not address the notice because they do not know how or feel too nervous about responding. Unfortunately, if the notice goes unaddressed, the matter will only become worse. Instead of giving the taxpayer another chance to resolve the issue, the IRS may simply begin collecting on the debt it believes is owed.
Reaching out for help during confusing situations is almost always wise. If Colorado taxpayers have received notice of an audit and do not know what it means or how to respond, they can get help with the process from legal professionals. Our Denver tax attorneys can review the notice, explain what it means, outline what the taxpayers need to do, and help them complete the required tasks.
Call Beem & Isley today at (303) 894-8100 to start your free consultation!
