Great Tax Reduction Technique
Great Tax Reduction Technique
Here’s some useful advice I found on the website of CPA Joe Mastriano, a true tax specialist…
What if you get a letter from the IRS charging you additional tax based on a math error or a clerical error? How would you like to avoid paying it? Here’s how… write back within 60 days and say you request an abatement under section 6213(b)(2). This may get it abated. It’s worth a try. Sometimes they reassess it, but they must issue a “notice of deficiency” giving you appeal rights.
Include in the letter a statement that you disagree with the additional tax and the action you want taken, such as “I disagree with the additional tax assessment because I did everything correctly and I want you to remove the taxes.” Also state that if they don’t remove the taxes, you are requesting that they issue a notice of deficiency so you can file an appeal. The notice of deficiency will list the changes that they made. (Often you get a correction letter that doesn’t spell out why they made the changes in the first place.)
Use this approach for IRS letters involving a missing SS# (supply the number and copy of Social Security card if you have it, in your letter). Send your letter to the address they request you respond to. Never be afraid to call or write for an explanation of the letter or the adjustments being made. You may just want to pay it, or if you are contesting it, you have a better understanding of what you are contesting.
If you do call for an explanation, do not give any information as to what and why you did anything! They will record it and it can be used to deny your request for abatement.
Joe Mastriano provided all the IRS help I needed to solve my tax problem, you should check out his site at www.TaxProblem.org for a lot of useful tax and IRS information.
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