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Many people get scared when they get a notification from the Internal Revenue Service (IRS), but we will list in this post some actions you should take when you receive one of these dreaded letters! 1) Do not panic! Check the veracity of the document. • The IRS and authorized collection agencies send letters through the mail. • Most of the time, all the taxpayer needs to do is read the letter carefully and take appropriate action. • Be aware! Make sure this is an official notification! 2) Don't throw away the letters! • Taxpayers must retain notices or letters they receive from the IRS. This includes notices of adjustment when action is taken on the taxpayer's account, notices of payment made and/or letters regarding prepayments of the tax credit, etc. • The taxpayer may need to refer to these documents when filling out their 2021 income tax return in 2022. • In general, the IRS suggests that taxpayers keep records for three years from the date they file their income tax return. 3) Do not ignore it! • Most IRS letters and notices are about federal tax returns or tax bills. • Each notice addresses a specific issue and includes specific instructions on what to do. • Acting in a timely manner can minimize additional interest and penalties. ✅ Contact us! We can help you. 🗓...