Understanding & Responding to Your IRS or DOL Letter
First, we are here to help! We regularly assist clients with responding to Internal Revenue Service (IRS) and Department of Labor (DOL) Notices related to their company sponsored retirement plan. Give us a call.
WHAT TO DO Call Us! Most correspondence can be handled without calling or visiting an Internal Revenue Service (IRS) or Department of Labor (DOL) office if you follow the instructions in the letter or notice. We can assist you with this process.
The notice you receive from the IRS or DOL usually addresses a very specific issue about your account or tax return. You can learn more about what your IRS notice means at:
Understanding Your IRS Notice or Letter
TEN THINGS TO KNOW ABOUT IRS AND DOL NOTICES AND LETTERS
Each year, the IRS sends millions of notices and letters to taxpayers for a variety of reasons. Here are ten things to know in case one shows up in your mailbox.
- Don’t panic. You often only need to respond to take care of a notice.
- Contact Leading Retirement Solutions so we can help. We offer IRS and DOL response services.
- There are many reasons why the IRS may send a letter or notice. It typically is about a specific issue on your federal tax return or tax account. A notice may tell you about changes to your account or ask you for more information. It could also tell you that you must make a payment.
- Each notice has specific instructions about what you need to do.
- You may get a notice that states the IRS has made a change or correction to your tax return. If you do, review the information and compare it with your original return.
- If you agree with the notice, you usually don’t need to reply unless it gives you other instructions or you need to make a payment.
- If you do not agree with the notice, it’s important for you to respond. You should write a letter to explain why you disagree. Include any information and documents you want the IRS to consider. Mail your reply with the bottom tear-off portion of the notice. Send it to the address shown in the upper left-hand corner of the notice. Allow at least 30 days for a response.
- You shouldn’t have to call or visit an IRS office for most notices. If you do have questions, call the phone number in the upper right-hand corner of the notice. Have a copy of your tax return and the notice with you when you call. This will help the IRS answer your questions.
- Keep copies of any notices you receive with your other tax records.
- The IRS sends letters and notices by mail. The IRS does not contact people by email or social media to ask for personal or financial information.
For Additional Information:
Leading Retirement Solutions
(206) 430-5084 phone
(800) 974-2814 (toll free)
service@leadingretirement.com
www.leadingretirement.com
Our mission: to proactively support organizations and lead them toward a secure future.