IRS CP 11R Recovery Rebate Credit, Balance Due

IRS CP 11R Recovery Rebate Credit, Balance Due

IRS uses CP11R to notify because the taxpayer claimed the Recovery Rebate Credit in 2008, and the IRS adjusted the credit because of a calculation error. This adjustment resulted in a balance due for the taxpayer

What You Need to Do?

If you agree with the changes the IRS made, pay the amount due on the notice by the due date, to avoid additional penalty and interest charges.
Pay online or mail a check or money order with the attached payment stub. You can pay online now at www.irs.gov/payments.
If you disagree with the changes the IRS made

• If you contact us in writing within 60 days from the date of this notice, we will reverse the change we made to your account. You do not need to provide an explanation or additional documents when you request the reversal, but we

consider any information you provide us.
However, we may forward your case for audit if you don’t justify the
reversal and we believe the reversal is in error. After we forward your
case for audit, the audit staff will contact you within 5 to 6 weeks to
fully explain the audit process and your rights, and you may need to
provide an explanation or additional documents. After the audit,
you’ll have formal appeal rights, including the right to appeal our
decision in the United States Tax Court before you have to pay the
additional tax.

If you disagree with the changes, we made

• If you contact the IRS in writing within 60 days from the date of this notice,

The IRS will reverse the change we made to your account. You don’t need to provide an explanation or additional documents when you request the reversal, but the IRS will consider any information you provide them. However, the IRS may forward your case for audit if you don’t justify the reversal and the IRS believes the reversal is in error. After the IRS forwards your case for audit, the audit staff will contact you within 5 to 6 weeks to fully explain the audit process and your rights. You may need to provide an explanation or additional documents. After the audit, you’ll have formal appeal rights, including the right to appeal the IRS’ decision in the United States Tax Court before you have to pay the additional tax.

If you do not contact the IRS within 60 days, they won’t reverse the change and you must pay any additional tax. You’ll have no right to appeal the IRS’ decision before payment of any additional tax. You may, however, file a claim for refund after payment. Generally, you must submit the claim within 3 years of the date you filed the tax return, or within 2 years from the date of your last payment for this tax, whichever is later.

If you disagree with the amount due, call the number listed on the notice to review your account with an agent. Be sure to have your account information available when you call.

The IRS will assume you agree with the information in the notice if you do not respond.

What are your options?

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What is my first step?

If you received a letter or notice, a decision has to be made. Do you feel confident to handle this situation on your own? If it is a simple issue and you already know the answer, call or write them. If the issue is more complicated, you need to hire a Certified Tax Resolution Specialist. The IRS or State will take full advantage of your lack of knowledge and experience.

What is Your Next Step?

The next step is to determine if the notice was sent in error. Do you have an outstanding tax liability? Do you have unfiled or incomplete returns?

Is There a Time Limit?

Yes, each letter or notice from the IRS or State will indicate a date that you MUST to contact them by. If you need more time, call the number on the notice or letter and request an extension. DO NOT ALLOW the time to expire without contacting them or hiring a representative to contact them for you.

What You Don’t Want to Do!

What you don’t want to do is nothing. Your tax problems will only get worse if you ignore them. If you cannot pay, there are a number of potential solutions available to those who are otherwise in compliance. In compliance means having all tax returns filed and any balances paid or on a payment plan. If you have outstanding debts or unfiled returns, you need to get hire a Certified Tax Resolution Specialist.

Get Some Help

If you don’t know how to address the issue(s), have unfiled return/unpaid balances or just done feel confident, let the experts at Legacy Tax & Resolution Services represent you. Work with our team of Certified Tax Resolution Specialists to resolve your issue(s) quickly. Best of all, you don’t have to talk to the IRS or State; we can speak on your behalf.