Don’t panic! What to do when clients get a letter from the IRS
Financial advisors may not be tax experts but that doesn’t stop concerned clients from reaching out for answers. Dealing with the IRS or any tax related issue can be a frightening prospect. And when contacted by the IRS clients know they aren’t in for an easy time.
Generally people are aware that any phone call purporting to be from the IRS is, in all likelihood, actually a scam. However, the same cannot be said for any letter a taxpayer may receive.
The IRS sends out millions of letters every year (many of them automated) and most of them don’t need to be the subject of fear. In fact, to help ease taxpayers’ minds on the subject, the service put together a list of do’s and don’ts to help relieve some of the fear and uncertainty.
Scroll through to learn what clients need to know when it comes to dealing with legitimate communication from the IRS.