I Just Got A Letter From The IRS, What Do I Do?
Nov 17th, 2008Getting a letter from the IRS can be a scary proposition. But you do not need to loose your cool. Just take a deep breath and read it again. Sometimes your brain can trick you. You think that you are reading one thing and the letter may actually mean something else. Most letters from the Internal Revenue Service are just over minor issues.
Recently I got a letter in the mail from the IRS stating that they wanted $21,000 in back taxes. I thought I was going to loose my mind. When I got to the heart of the matter I found out that my IRA rollover was not reported correctly. I thought that is going to take forever to get straight with the tax man. All it took was a phone call to explain the problem. The woman I spoke with at the IRS just said not to worry about it and she would send out a letter to fix it. That was it. You do not need to fear the IRS they want to get it right and they do not really want to give you a hard time either.
It just goes to show you that 99% of what you worry about never happens.


