IRS Letters & Correspondence | Molen & Associates

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IRS Letters & Correspondence

You open your mailbox and there it is – a letter from the IRS. Just seeing those government letters can send a chill down your spine, but don’t worry, you’re not alone. We here at Molen & Associates have years of experience dealing with the IRS and we can help you too.



What Does the Letter Mean?

The letter you received from the IRS is called a “notice.” Notices are sent for many reasons, including changes to your tax return, balance due, or overdue taxes. Many times, a notice is simply information – like confirming that your payment posted or that something on your return was processed. Reading the notice carefully will help you understand why you received it. If you still have questions after reading it, give us a call and we’ll be happy to help explain it to you.

What Do I Do Now?

If you owe taxes, the first thing you should do is pay the amount owed as soon as possible to avoid any additional penalties or interest fees. You can pay online, by phone, or by mail. Once you’ve paid what you owe, be sure to keep records of your payment so that you can prove that you paid if any questions come up later.

If you don’t owe taxes and the notice was sent in error, don’t worry! The IRS makes mistakes sometimes too. The best thing to do in this case is to respond to the IRS right away explaining the error and enclose any documents that support your claim. Once again, keeping records of this correspondence will be helpful just in case any questions come up later on. 

Getting a notice from the IRS can be scary, but it doesn’t have to be. Here at Molen & Associates, we’re here to help you every step of the way. Whether you owe taxes or not, we can help guide you through this process so that hopefully you’ll never have to deal with the IRS again. Give us a call today!

How we can help you

  • Review, analyze and explain the correspondence sent to you.
  • Explain the IRS process – 99% of the time you are in no danger of them knocking on your door
  • We can respond to the IRS on your behalf – or advise how to respond properly on your own
  • Be honest with your chances of success – be it through the Audit process, or Offer in compromise to lower your tax bill / payments. If we think it will not go your way, we will tell you up front.

How we work

As IRS issues are unique – we sadly can’t just hear about the issue and respond with a high level of professional accuracy; we need to read the words on the page. We request that if you have an IRS issue – you simply send us a copy with your contact information to info@molentax.com

We can then review and analyze the correspondence and contact you with our recommended solution(s).

PAssionately Engaged

We aren't your average tax firm. We specialize in helping you maximize your tax situation and live more comfortably.

Education Focused

We guarantee you will learn something new. If you are looking for an average experience, we probably aren't the firm for you.

Feels Likely FamiLY

We started business 40 years ago out of the Molen's home and to this day, we still treat our clients like family.

 

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Needs Analysis

Free One Hour Discovery meeting for business owners looking for an advisor to help them with their taxes or accounting.

S-Corp & Partnership Filing Deadline

TX - June 15th, 2021

Non-TX - May 17th, 2021

Individual, Estate, Trust, & C-Corp Filing Deadlines

TX - June 15th, 2021

Non-TX - May 17th, 2021

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Latest News

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When it comes to filing taxes, understanding the difference between tax credits and tax deductions is crucial. Both can significantly reduce your tax liability, but they work in different ways. This article will delve into the distinctions between tax credits and...

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Understanding the Alternative Minimum Tax (AMT): Who It Affects and How It Works

The Alternative Minimum Tax (AMT) is a crucial component of the U.S. tax system, designed to ensure that individuals with higher incomes pay a minimum amount of tax, regardless of their deductions and credits. This article explores the concept of AMT, its implications...

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Dates to Remember

Needs Analysis

Free One Hour Consultation for any new business owner looking for an advisor to help them with their taxes or financials.

S-Corp & Partnership Filing Deadline

TX - June 15th, 2021

Non-TX - March 15th, 2021

Individual, Estate, Trust, & C-Corp Filing Deadlines

TX - June 15th, 2021

Non-TX - April 15th, 2021

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The Molen & Associates Difference

Mike Forsyth

“Super helpful and timely. This is our first year with them and we look forward to trusting them with our taxes and business books for years to come.”

Caitlin Daulong

“Molen & Associates is amazing! They run an incredibly streamlined process, which makes filing taxes a breeze. So impressed with their attention to detail, organization, and swift execution every year. Cannot recommend them enough!”

Sy Sahrai

“I’ve been with Mr. Molen’s company for few years and I felt treated like family respect and dignity. They are caring, professional and honest, which hard to find these days. Love working with them.”

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Understanding the Alternative Minimum Tax (AMT): Who It Affects and How It Works

The Alternative Minimum Tax (AMT) is a crucial component of the U.S. tax system, designed to ensure that individuals with higher incomes pay a minimum amount of tax, regardless of their deductions and credits. This article explores the concept of AMT, its implications...

Tax Implications of Inheritance: Understanding Estate Taxes, Inheritance Taxes, and Step-Up in Basis Rules

Inheriting assets can be a complex affair, especially when it comes to understanding the tax implications involved. This article delves into the intricacies of estate taxes, inheritance taxes, and the step-up in basis rules, providing a comprehensive overview for...

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