The important thing to remember about a bad IRS letter is that almost all of them require action on your part. If you have not filed a tax return then you may be a victim of tax identity theft. If you receive this letter, follow the instructions in the letter. Letter 5071C: This letter will ask you to verify your identity through an online process before the IRS finishes processing your tax return.If you receive this letter, then you have to complete Form 8962 and send it to the IRS using a method indicated in the letter. Usually, this means that a taxpayer receiving subsidized healthcare through a healthcare exchange did not include information from Form 1095-A on their tax return. Letter 12C: The IRS issues letter 12C if your tax return is missing form 8962.Here are two examples of these types of letters: Sometimes the IRS needs more information to process returns or before proceeding with negative actions. ![]() IRS Letters That Ask for More Information If it was not, then you should call 1-80, ext. If this was you or someone you authorized on your behalf, then no further action is required. CP302: You will receive a CP302 notice if someone accessed your federal tax return information through the Department of Education’s Free Application for Federal Student Aid (FAFSA) website or the Income-Driven Repayment (IDR) plans online application.Retain this letter with your tax documents for your tax return preparation. This letter will indicate how much money you received. Letter 6475: You will receive letter 6475 if you received a third stimulus payment (or, what the IRS calls a third economic impact payment).This letter will provide you with the total amount of Advanced Child Tax Credit Payments you received in 2021. Letter 6149: If you received Advanced Child Tax Credit Payments, you will receive Letter 6149 in January.Here are some examples of benign IRS letters and notices:: Still, I recommend retaining all IRS letters and notices – especially ones that might be useful in completing tax returns or dealing with tax problems. These types of letters typically don’t require a response. In 20, many taxpayers received their first informational letters or notices from the IRS. In general, there are three kinds of IRS letters: benign ones, information requests and the ones you don’t want. » MORE: Unleash the Full Potential of Your VA Home Loan Benefits The IRS does try to work with taxpayers to find reasonable solutions. If action is needed, you typically have time to deal with the issue. If the IRS is asking questions or if they say you owe money, there is a sequence of steps they will follow, and it doesn’t get better the further along the process gets. Or, you can start with the IRS credentialed tax professional directory.ĭo not ignore IRS letters. Service members and military families can contact the free tax consultants at Military OneSource to see if they can provide any assistance. If you don’t feel comfortable handling it on your own, seek out professional assistance. Consider your experience and the complexity of what the letter addresses. Determine if you need tax professional assistance.You can also seek help from the Taxpayer Advocate Service, however you should try resolving whatever you can on your own first and only contact the taxpayer advocates if you have issues. If you have questions, you can call the IRS at 1-80. Some letters have specific instructions for requesting additional information. ![]()
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