Archive for the ‘Taxes’ Category

Points To Consider Before Seeking Back Tax Help

Taxes | Posted by Harvey November 23rd, 2015

htWhen you receive a letter for the IRS for back tax, there are some things you may do before you counter their claims. The first one is to check out the income figures indicated at the top of the letter. This is a tricky business, which may call for the form from your employer, bank savings information, statements on both the private and the state pensions. In most circumstances, the IRS use the records of previous years to work out taxes, so mistakes are common here. With accurate information, it is possible to ring the IRS and they will automatically correct them. Before you try this out on your own, there is no need for seeking back tax help.

On receipt of the IRS letter, it is advisable to check the bottom of the page for any adjustments. There may be tax underpayments from the previous years. These too may have errors that a simple phone call to the IRS may correct. Your different sources of …