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IRS Letter Resolution: Navigate Notices with George Dimov CPA

Turn IRS Correspondence from Challenge to Opportunity with Our Guidance

Receiving an IRS letter can be unsettling, but it doesn’t have to derail your financial peace. Our CPAs and tax specialists excel in decoding these notices and crafting effective responses that protect your interests. We transform the challenge of IRS correspondence into an opportunity for financial clarity and compliance.

With our deep understanding of tax regulations and years of experience, we handle the complexities, allowing you to focus on what truly matters – your business and personal life. Let our team guide you through this process, ensuring a favorable resolution and setting the stage for your continued financial success.

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"George Dimov and team provide an excellent and efficient service and I would highly recommend them. I first approached the team for help with amending my 2022 tax return. The team helped me navigate a tricky multi-state situation and ultimately maximized my return with very little back and forth."

- Gilberto Garcia

Common Reasons for
IRS Letter Notices

You can receive an IRS letter for reporting discrepancies

Reporting Discrepencies

The IRS often sends notices when your reported income doesn’t match their records. This includes:

  • Overlooked RSU or stock option income
  • Unreported 1099-K or 1099-MISC income from online businesses or platforms
  • Missed 1099-Rs from 401k or IRA transactions
  • Forgotten K-1s or 1099-DIVs

Our CPAs review your financial documents, identify discrepancies, and communicate with the IRS to ensure accurate tax filings.

Unfiled Returns

Both the IRS and state tax agencies send letters when they believe you should have filed a return. This applies to individuals and businesses, even those with no activity. We guide you through the process of resolving these issues and filing any necessary returns.

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IRS audit notifications

Audit Notifications

IRS letters may indicate an upcoming audit, especially for those with aggressive deductions or schedule C businesses. Our experienced CPAs prepare you for the audit process, gather required documentation, and represent you during IRS interactions.

Your Personal and Business Accounting Team

George Dimov - Founding President of George Dimov CPA and Tax Specialists, an online CPA firm with the highest standards

George Dimov

President

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Stan Shraybman, MBA, EA

Senior Tax Manager

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Anvar Akhtamov, EA

Senior Tax Accountant

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Xintian Wang, CPA

Senior Tax Manager

Our Signature IRS Letter Resolution Services

Comprehensive Notice Analysis

We meticulously examine your IRS notice and tax records to identify the root cause of the issue.

Strategic Response Formulation

Our CPAs craft tailored responses to the IRS, addressing all concerns with supporting evidence.

Direct IRS
Communication

We handle all correspondence with the IRS, saving you time and reducing stress.

Skilled Negotiation

Our team negotiates with the IRS to achieve the most favorable outcome for your specific situation.

Ongoing Support

We implement strategies to prevent future issues and ensure continued tax compliance.

Multi-State Expertise

Our services extend to all 50 US states and numerous countries, providing comprehensive support for complex tax situations.

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Take control of your IRS letter concerns today. Contact us for expert CPA assistance. Let us navigate the intricacies of IRS correspondence while you focus on what matters most to you.

Optimize your taxes and save thousands

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FAQs Regarding IRS Letters

The IRS sends letters for various reasons, typically related to your tax return or account. Common reasons include discrepancies in reported income, unpaid tax balances, or audit notifications.

You might also receive a letter if there’s missing or incorrect information on your return, or if the IRS made changes to your filing.

In some cases, they may request additional information or need to verify your identity. Remember, receiving a letter doesn’t always indicate a problem; sometimes it’s simply informational.

In 2024, the IRS may contact you regarding your recent tax filings or ongoing tax matters. Common reasons include:

  1. Reviewing your 2023 tax return
  2. Following up on previous years’ tax issues
  3. Notifying you about tax law changes affecting past returns
  4. Requesting additional information due to processing delays
  5. Alerting you to potential identity theft concerns

The specific reason will be clearly stated in the letter. It’s important to read the entire notice carefully and respond promptly if required.

The IRS issues various notices, each serving a specific purpose. The most frequently sent notices include:

  1. CP2000: Proposed changes to your tax return
  2. CP14: Balance due on unpaid taxes
  3. CP501: Reminder of balance due
  4. CP523: Intent to levy notice
  5. CP3219A: Statutory Notice of Deficiency

Each notice has a unique code and provides detailed information about the issue at hand. It’s crucial to understand the notice type to determine the appropriate action required.

An IRS audit letter has distinct characteristics to ensure its authenticity. It typically arrives via certified mail and contains “Department of the Treasury – Internal Revenue Service ” letterhead.

The letter will include your name, taxpayer ID, form number, and IRS contact information. It specifies which items on your return are being examined and requests specific documents.

The letter also provides deadlines for your response. If you’re unsure about the legitimacy of a letter, you can always contact the IRS directly using the official contact information on their website.

The IRS will clearly inform you if you’re being audited through an official audit letter. This letter arrives via certified mail and specifies which tax return(s) and items are under review. It will request specific documents or information and provide contact details for the assigned IRS agent.

You’ll also be given a deadline to respond or schedule an appointment. It’s important to note that the IRS never initiates an audit through email, phone, or text message. If you receive such communications claiming to be an audit notification, it’s likely a scam.

While the IRS uses complex algorithms to select returns for audit, certain factors may increase your chances. These can include significant changes in income from year to year, unreported income, or large charitable donations relative to your income.

Home office deductions, cash-intensive businesses, and claiming 100% business use of a vehicle may also draw attention.

Consistently reporting business losses or claiming deductions unusually high for your income bracket can trigger scrutiny. However, being flagged for audit doesn’t necessarily mean you’ve done anything wrong; sometimes returns are selected randomly for review.