IRS Letters to Watch for and Answer Promptly
While all letters received from the IRS should garner careful attention, some carry more quickly approaching deadlines and serious consequences if ignored. Here are three important letters that the IRS sends that require prompt attention:
- Statutory Notice of Deficiency, which can be disputed if a Petition is filed within 90 days.
- Final Notice of Intent to Levy, or Letter 1058, which can be appealed within 30 days.
- Trust Fund Recovery Penalty, or Letter 1153, which can be appealed within 60 days.
See Paul G. Topolka, Tax Alert: Three Critical Letters from the IRS, Nexsen Pruet, Feb. 19, 2015.
Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this case to my attention.
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