IRS letters, Under Reporting, Substitute Returns

IRS Letters

Don't ignore it. Most IRS letters and notices are about federal tax returns or tax accounts. Each notice deals with a specific issue and includes specific instructions on what to do. We can help you handle all IRS and state correspondence, including audits, letters and inquiries about your tax return or any other IRS matters.

Underreporting

The IRS receives information from third parties, like your employer or financial institutions, that says how much income you earned, how much Social Security and Medicare tax was withheld, how much interest was collected on an IRS, and more. 

If the information received from a third party does not match what you reported on your tax return, there is a discrepancy. If you know for a fact you underreported your income (by mistake or on purpose), we can help correct the problem. 

Substitute Returns

Once the IRS indicates that it plans to file a Substitute for Return, your best option is to file your tax return immediately. We can help lower your tax bill by filing a return that includes all your eligible tax credits and deductions, as well as the appropriate filing status. It’s important to note that you only have three years from the original filing deadline to claim a refund for withholding or estimated taxes. The same rule also applies to tax credits such as the Child Tax Credit or Earned Income Tax Credit. If you owe taxes, filing will also delay collection actions while the IRS processes your return.