Scary IRS Letter? Here’s Your 5-Step Action Plan

Scary IRS Letter? Here’s Your 5-Step Action Plan

You just got a letter from the IRS. Your heart dropped. You’re wondering if your account is about to be frozen, your business is in trouble, or if someone’s about to show up at your door.

Before you panic, PAUSE 😌

The truth is, IRS letters can be scary, but the letter doesn't always mean immediate action. On the other hand, ignoring them is the worst thing you can do.

Here’s what to do as soon as that letter hits your mailbox:

Open the letter.
I know it’s tempting to throw it aside, but unopened letters lead to missed deadlines and that can cost you for sure.
Look for the letter number.
Is it a CP14 (balance due)? An LT11 (intent to levy)? Each notice means something different and knowing which one you received will help us figure out the next step.
Get your documents in order.
Pull your tax returns, proof of income, business expenses, and any previous IRS correspondence. This is how we build your defense and negotiate your case.
Get representation before calling the IRS.
The IRS may record your conversation and what you say can be used against you. Having a licensed rep like me speak for you protects your rights and reduces your stress.

No matter how bad you may think the letter is or looks, just know you still have options. You still have rights and most importantly, you don’t have to go at it alone! 🤝

Lloydetta Bryant, EA, MBA is your Revenue Reset Partner and Tax Expert who will work diligently to find the right solution for your specific tax situation. As an Enrolled Agent licensed through the IRS, Lloydetta can step in on your behalf to advocate for you. As a content creator on YouTube, you’ll find that focus on helping black women-led businesses with Solutions Beyond Taxes. Although we are a virtual firm, Ethical Tax and Business Services is located in the Savannah/Richmond Hill areas, and can serve taxpayers in all 50 states by providing tax services from compliance to representation and the expertise needed to get the job done. Visit our website at www.ethicaltaxandbusinessservices.com

#TaxHelp #IRSRepresentation #BackTaxes #BlackWomenInBusiness #Enrolled Agent #TaxRelief #IRSpenalties #WellnessEntrepreneur #EthicalTax #TaxDebtHelp #LicensedTaxPro

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