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IRS Letter 2205 | Notice of an Audit

The IRS uses Letter 2205 to inform you of an audit and provides the agent’s name, phone, fax & office address. Letter 2205A is for Individuals. Letter 2205B is for Businesses.  The IRS designed Letter 2205-B specifically for S Corporation audits. Because your S Corporation profits and losses are linked to your personal tax return, the IRS will be investigating both your company and you.

IRS Letter 2205   |   Notice of an Audit

 

The IRS uses Letter 2205 to inform you of an audit and provides the agent’s name, phone, fax & office address. Letter 2205A is for Individuals. Letter 2205B is for Businesses.  The IRS designed Letter 2205-B specifically for S Corporation audits. Because your S Corporation profits and losses are linked to your personal tax return, the IRS will be investigating both your company and you.

 

The IRS often asks for information will in excess of the scope of the audit.  A concerted effort needs to make to not allow the IRS to go on a witch hunt but to say with the scope of the audit.

The IRS may outline the issues at the bottom of Letter 2205A but they often send Form 4564 or Form 886A to ask you questions. These forms are more important because you must respond correctly or lose!

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.

Stop the stress and resolve your problems Call 800-829-7483 TODAY

 

Download our Special Report “5 Audit Myths- I Received An Audit Notice, What Do I Need To Know?”

In it you will find next steps, dos and don’t and information about your options

 

 

 

 

 

 

 

 

 

We Offer Financing for Our Tax Resolution Fees

 

 

Stop the stress and resolve your problems!

 

Call 800-829-7483 for a FREE Consultation

 

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Also See

Can I Go To Jail For Owing Taxes?

Why Shouldn’t  I Just Use my Own CPA or Attorney to Help Me With This Tax Problem?

What is an Offer in Compromise in a nutshell?

I have Let This Get Out of Control.  How Soon Could You Start Working On My Behalf?

How are you compensated?

Several Tax Resolution Companies have called Me! Why Should I Hire Legacy Tax % Resolution Services?

Do I Need Local Tax Representation?

How Do I Know If My Situation Qualifies to Have my Tax Bill Reduced?

How Long Does the IRS Have to Collect Back Taxes From Me?

I Have a Deadline With the IRS (or State) Right Around the Corner.  Is It Too Late for Legacy Tax & Resolution Services to Help?

 

 

 

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