KIM: Hello.
My name is Kim from the IRS
with news about notices.
If you´re like most of us,
your heart may skip a beat
if you receive an envelope
from the IRS.
If it contains a notice
questioning items
on your tax return,
we can help you understand
and guide you
through the process.
Your first question
most likely is,
"Why did I get this notice?"
After you file your return,
the IRS´s Automated
Underreporter Unit
compares your return
to what third parties
such as your employer
or bank report to us.
If these amounts don´t match,
they send you either
Notice CP-2501 or CP-2000.
Or if the IRS
reviews your return
and has a question about some
of the items you´re claiming,
then you may get either
a Notice CP-75 or Letter 566
sent from the IRS Correspondence
Examination Unit.
These letters request
that you provide proof
for the deductions or credits
on your tax return.
So, what do you do if you get
any of this correspondence?
First off, don´t panic.
You often only need to respond
to take care of a notice.
While you should not panic,
it´s also very important that
you do not ignore the notice.
Read it carefully
and review your tax return.
If you use a tax professional,
give him or her a copy
of the notice to review.
If you agree
with the proposed changes,
sign and return the notice
as soon as possible.
If you don´t agree with the
changes described in the notice,
it is important
for you to respond.
Write a letter to the address
on the notice
explaining why you disagree.
Include any documents
or material
you think we should consider
and keep copies
of everything you send.
It´s very important to respond
by the deadline
indicated on the notice
because not responding
means IRS will assess
the tax due
without considering
any of your information.
Your delay could also result
in additional interest
and penalties
being added
to the amount you owe.
If you have responded
to our first notice
and provided IRS
with an explanation
and it looks like
we haven´t considered it,
give us a call to make sure
we did indeed receive
your information.
We may ask you to send it again.
You generally have 30 days
to respond to this request.
If you have any questions,
call the phone number
on your notice
and have a copy
of your tax return on hand
to help us resolve your issue.
Or for more information
about the process,
visit our website, IRS.gov,
and type the words
"Understanding Notices"
in the search box.