How to Respond to an IRS Notice Letter (or IRS Notice of Deficiency)

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You have received an IRS Notice letter in the mail. On its front are stamped the letters “IRS.” The pit of your stomach drops and this once innocuous envelope now holds your full attention. What do you do next?

Open Your IRS Letter

First, open it. It may not be the worst that you are no doubt assuming it may be. It is incredible how many people simply throw out IRS notices, thinking that if they “didn’t receive them” then they would be somehow absolved from any tax liability. This is never true and will only worsen your situation should it prove serious.

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