UNDERSTANDING IRS NOTICES
Receiving notices from the IRS is always unsettling, but your tax Atlanta attorney is here to give you practical advice on the best way to deal with some common notices and get away from being audited. Sometimes taxpayers will be contacted by the IRS via notices or letters which will explain why they are being contacted and how they can handle the problem. Despite the anxiety that these letters elicit, resolving many of the notices are easy. Here are some of the IRS notices –
The LT11 Notice
The LT11 is sent by the IRS if you have not paid your overdue taxes. You will be advised on the intent of the IRS to seize your property’s rights. You are expected to contact the IRS immediately. The first step is to pay the unpaid balance in fullwhich you can do online. Where you can’t make a full payment, pay what you have as this will lower the future interest and penalties applied to your remaining balance. If it happens that you have made full payments without being credit, you have to send the IRS a proof of payment. If you cannot make the payments, simply call the number indicated on the notice.
The CP501 Notice
The CP501 notice is sent by the IRS to notify you of a balance that is due on your tax account. You should carefully read the notice which shows the due date, the amount, and your options for payment. You are expected to make the needed payment on or before the due date.
The CP503 Notice
The CP503 notice is sent if the IRS still has not gotten any feedback from you while there are unpaid balances in your tax account. You should carefully read the notice which shows the due date, the amount, and your options for payment. You are expected to make the needed payment on or before the due date.
The CP504 Notice
The CP504 notice is sent if your account has a due amount that is not paid. Your income tax refund will be seized or levied if you fail to make immediate payment and the seized funds will be used to offset what is owed. You should carefully read the notice which shows the due date, the amount, and your options for payment. You are expected to make the needed payment on or before the due date.
The CP91
The CP91 is sent by the IRS to inform you of its intent to have your social security benefits levied by up to 15% due to unpaid taxes. You should carefully read the notice as it contains the IRS’ actions. Proceed to pay what is owed and if you can’t make full a payment, ask for a payment plan.
GET PROFESSIONAL REPRESENTATION
It is important that in all cases involving IRS notices you get a certified tax Atlanta attorney, especially, if you are confused about your options. Do not hesitate to contact or call Cumberland Law Firm, LLC at 678-385-5953 to receive professional legal guidance from the best tax attorneys in Atlanta.
