Nobody likes getting stuck in a difficult spot with the IRS or state tax agencies. Receiving a tax notice of any kind from taxing authorities can be stressful, but it happens to many of us, for all sorts of reasons. It’s times like these you need highly competent experts in tax and accounting—like the team at Cronin, Hanley, Van Zile & Lorenzo. CHVL has a great deal of experience helping their clients get out of tax jams, and they can help you too!
Don’t hesitate—take action now!
The most important thing to do when you receive a notice of any kind is to act on it. So don’t delay, contact us today and we will work with you on resolving your issue.
We handle all levels of inquiry from responding to a simple notification requesting abatement of tax and penalties, to handling full compliance audits where detailed information and documents are requested.
Tax Problems Small and Large—we handle them all
The Internal Revenue Service is responsible for managing millions of tax accounts. In handling inconsistencies, underpayments or other matters, the IRS issues notices and letters for various reasons.
Some reasons the IRS may reach out to you as a taxpayer include:
- A balance due on your account.
- A refund you have claimed is different from the refund they have on your account.
- Clarification of information you have reported on your return.
- Verification of your identity.
- Adjustment of your return
- A delay in processing your return
Here is a list of common Internal Revenue Service notices and a brief explanation of each:
- CP501: This IRS notice informs the taxpayer of an amount owed for a tax year along with potential penalties and interest. We can assist you in verifying the adjustment being made. We can also correspond with the IRS requesting an abatement of penalties based on several justified approaches.
- CP2000: This IRS notice is generated when there is an inconsistency between what has been reported on your tax return and the information the IRS has received from third parties, such as banks, employers, etc. This is typically a computer generated notice. Many times the discrepancy is easily cleared up by providing further details of income reported.
- CP90: This is a very serious notice and should be handled immediately. It is a notice of intent to levy assets. The IRS has the authority to seize assets you own to pay a tax liability. Don’t delay in handling this notice.
Relax—CHVL is here to help!
You shouldn’t have to face these challenges alone, and CHVL can help you get these problems behind you, so that you can move on with the rest of life. Call us now or request a free consultation below!