Navigating IRS Notices: What to Do and What to Avoid

Receiving a notice from the IRS or the Department of Revenue can be unsettling, but it's essential to address it promptly and correctly. Here's a step-by-step guide on what to do if you find yourself in this situation. 
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Notify Cornbelt Financial Immediately:
The moment you receive a notice, don't hesitate to reach out to us. Please upload a complete copy of the notice through our secure client portal. Prompt communication allows us to begin the resolution process swiftly.
Be Cautious of Communication Methods:
The IRS and the Department of Revenue primarily communicate through traditional mail. Be wary of phone calls or emails claiming to be from these entities. The IRS won't call you demanding immediate payment, nor will they initiate contact via email. If in doubt, consult with us before responding.
Confirm the Legitimacy of the Notice:
Before taking any further action, let us review the notice to confirm its legitimacy. Unfortunately, scams and phishing attempts are prevalent. By involving us, we can ensure that the notice is genuine and not a fraudulent attempt to obtain sensitive information or your money.
Understand the Reason for the Notice:
Once we've verified the notice, we will analyze its contents to determine why it was issued. Notices can cover a range of topics, from discrepancies in tax returns to requests for additional information. Understanding the reason is crucial for crafting an effective resolution strategy.
Don't Panic - Stay Informed:
It's natural to feel uneasy when you receive a notice, but it's important not to panic. We are here to guide you through the process, explain the implications of the notice, and outline the necessary steps for resolution.
Remain Patient:
Unfortunately, the IRS and many other agencies are backlogged and understaffed. Additionally, due to their outdated means of communication and resolution channels in place, resolution often takes a long time to achieve.
Follow Our Guidance & Respond Promptly:
If a response is required, we’ll guide you on the specific steps to take for resolution promptly and ensure that the information provided is accurate. Follow our instructions carefully, and if you have any questions or concerns along the way, don't hesitate to reach out. Delays or inaccuracies in your response could lead to additional complications.
Keep Records:
Maintain a copy of the notice and any related correspondence for your records, this includes certified mail receipts. This documentation is valuable for reference and can aid in the resolution process.

Remember, you are not alone in navigating these matters. Our team at Cornbelt Financial is here to support you every step of the way. By taking the right actions and avoiding common pitfalls, we can work together to address the notice efficiently and effectively.