Income Tax NoticesHandled by experts

Income tax notices are official communications sent by the Internal Revenue Service (IRS) or other tax authorities to taxpayers. These notices can be sent for a variety of reasons, including to request more information, notify about changes to tax laws, inform about discrepancies in tax filings, or alert about pending audits. 

The notices generally contain important information about why it was sent, what the taxpayer needs to do and by when. The notice may pertain to the taxpayer's business or individual income tax return. 

Types of income tax notices include:

1. Notice of Audit and Examination Scheduled: 

This notice informs a taxpayer about an upcoming audit.

2. Notice of Deficiency: 

Sent when the IRS proposes to adjust a person's income, payments, or credits.

3. Notice of Intent to Levy:

Sent before the IRS starts to seize a taxpayer's property or wages to satisfy an outstanding tax debt.

4. CP2000 Notice:

Sent when income reported from third-party sources does not match the income reported on the tax return.

It's essential for taxpayers to read and respond promptly to these notices if necessary, as failure to react can result in penalties, fines, or even prosecution. Taxpayers often engage a tax attorney or other tax professional to help them understand and manage these matters.