But if you are able to go in person to the IRS office, it might be worth the trip. The past two years my optimal tax play has resulted in a refund. I may redouble my efforts to avoid that situation given the way 2020 has turned out.
Given that, and the general overdue-ness of my refund and the general lack of a 4800C and no promise of one forthcoming, and what seemed like reasonable advice from the agent I did speak with, I decided not to wait for the letter. However, someone or something somehow in the Questionable Credits Department has put a suspense on my refund. I learned this during a phone call a few weeks ago. I’m now at the point where the IRS has agreed with my corrections and sent me a notice saying I’d get my refund. If you can’t find what you need online, call the IRS number at the top of your notice or letter. Complete and return the Response Form within 30 days from the date of the letter. Times are different today though, so I’m not sure that strategy would work.
Does a tax deficiency mean I owe money?
The Taxpayer Advocate Service is an independent service within the IRS whose mission is to ensure taxpayers are fairly treated. As part of its 2018 Annual Report to Congress, the Taxpayer Advocate Service identified lack of clarity in notices of deficiency as one of the “most serious” problems with the IRS. The notice of deficiency waiver—formally known as Form 5564—is separate from the notice of deficiency. If you do agree with https://turbo-tax.org/ the amount of tax owed according to the IRS, you would fill out Form 5564 and mail or fax it to the address or fax number listed on the notice. If a taxpayer does not file a tax return and the IRS determines the taxpayer nevertheless has a tax liability. If a taxpayer wants to petition the Tax Court to legally challenge the IRS’ determination of tax due, they must do so within 90 days of the date of the notice of deficiency.
- I told her I didn’t believe her, but she was adamant that yes, if I call back at that time somebody will be able to help me.
- Contact this sub creator for immediate professional advice.
- Oh, we believe the issue is related to annual problems we have had with the IRS since the 2017 filing.
- My Dad died that year and the IRS mistakenly killed off my Mom instead of my Dad.
- I’m now at the point where the IRS has agreed with my corrections and sent me a notice saying I’d get my refund.
Needs to review the security of your connection before proceeding. I’m sure everyone filing their returns earlier will reduce the amount of work and increase the speed and processing irs letter 4800c capability of the IRS. Option 3 – Just play along with their processes and don’t buck the system – but 90 days would seem long enough before prodding them again.
Сomplete the 4800c letter form for free
When I asked if they wanted a new copy of the 2020 return the guy said well we must have gotten it since we processed your payment, give it weeks and check back with us. Not going to waste any more time worrying or chasing them about it. I am tempted to get the TAS or whomever involved, but they said the fact that the IRS is super slow these days is not something that their involvement can hasten. So if the IRS doesn’t listen to the taxpayer, the TAS, or Congress, then I’m not sure who they would listen to these days. The last letter I got was mid-October promising my refund would be paid in 4-6 weeks, which would have been by mid-December.
I sent several letters, etc, most of which were never acknowledged. They finally responded to a fax of mine 8 months after I sent it. I triple checked the 1095-As against the 8962 when I submitted my original response. I had my son check my 1095-As against the 8962 at that time too. Finally, the last notice from the IRS agreed with my refund amount down to the dollar .
IRS 4800C letter… received after 30 day deadline to respond
In the case of an estate, the fiduciary may petition the Tax Court. If you don’t respond to the notice of deficiency or petition the Tax Court by the deadline, the IRS will send you a tax bill that will include any penalties or interest you owe. It will begin collection activity if necessary. If one of the above factors is determined to be true, the IRS will begin sending letters and notices to the taxpayer. Logan Allec is a licensed Certified Public Accountant and a personal finance expert. He has more than a decade of experience consulting and writing about taxes, tax planning, credit cards, budgeting, and more. Logan also has a master’s in taxation from the University of Southern California .
How do I know if this letter from the IRS is real?
Real IRS letters have either a notice number (CP) or letter number (LTR) on either the top or bottom right-hand corner of the letter. If there's no notice number or letter, it's likely that the letter is fraudulent. It's recommended you call the IRS at 800-829-1040.
I called after that time expired to see what’s up and that’s when I found out about the QCD department. That agent said that the QCD folks should send me a 4800C letter, but I could upload my reply/info in advance to speed things along. David Kindness is a Certified Public Accountant and an expert in the fields of financial accounting, corporate and individual tax planning and preparation, and investing and retirement planning. David has helped thousands of clients improve their accounting and financial systems, create budgets, and minimize their taxes. I’ve thought about the in-person visit and have started down that route a time or two. Lately my local office has just been completely closed.
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This community was started in 2002 as an alternative to a then fee only Motley Fool. The focus of the discussions is on topics related to early retirement and financial independence. The community is moderated to ensure a pleasant experience for our members. I had somebody on the phone that was competent and knew what needed to be done. She told me to fax her a copy of my updated schedule D and once she received the copy, she’d call me back to confirm that she got it and that I would get a letter from the IRA in some number of weeks.
They said they would place a reminder on the issue which would prod the people holding it up to act on it and they had 30 days to act on it. I have not received the promised 4800C letter yet. Technically I haven’t even been promised one.
Credits & Deductions
If you receive a notice of deficiency, you have a few options. First, decide if you agree with the amount of tax the IRS has determined you owe, or if you disagree. If you agree, you can sign the notice of deficiency waiver provided by the IRS and pay the taxes you owe. The IRS sends different types of notices of deficiency to taxpayers depending on their situation. A notice of deficiency is a legal notice sent by the IRS to a taxpayer informing them that the taxpayer owes a certain amount of tax, as the taxpayer’s tax return does not match the IRS’ records. If the taxpayer does not file a tax return or otherwise satisfy the IRS’ inquiries, the IRS will eventually make its own determination of the taxpayer’s liability for the year and send the taxpayer a notice of deficiency. It took the IRS 3.5 years to finally agree that they lost a tax return of mine.
- Times are different today though, so I’m not sure that strategy would work.
- The past two years my optimal tax play has resulted in a refund.
- The IRS sends letter 531 as a notice of deficiency to taxpayers with whom it conducted an in-person audit that did not result in an agreement between the IRS and the taxpayer.
- When I asked if they wanted a new copy of the 2020 return the guy said well we must have gotten it since we processed your payment, give it weeks and check back with us.
- That agent said that the QCD folks should send me a 4800C letter, but I could upload my reply/info in advance to speed things along.
- You may want to read our identity theft resources page while we review your Form 14039.