There’s various reasons why IRS is holding up your refund. As former IRS agents we can resolve your tax issue as soon as possible, since 1982.
IRS generally sends you a CP63 notice informing you we’re holding your refund until they have receive one or more unfiled tax returns.
Because the IRS received no reply to our previous notice, we have calculated your tax, penalty and interest based on wages and other income reported to us by employers, financial institutions and others.
Many times you have not filed a back year(s) and IRS will withhold your refund because you are not current with all your filings and this is the IRS leverage that they used to make sure all your tax returns are filed.
So pretty much the IRS is using your refund as a hostage to get you caught up on all tax filings.
What you need to do
• File your tax return immediately, or
• Accept our proposed assessment by signing and returning the Response Form, or
You may want to
• Use the income information we sent with the notice, along with other income you received to prepare your return.
◦ File your return to claim expenses and deductions you’re entitled to.
▪ To receive a refund, you must file the return within three years of the due date for the specific tax year.
• Review collection procedures for taxpayers filing and/or paying late for what happens when you don’t file a tax return.
• Review your records and make sure you filed all your prior returns.
Download copies of prior year tax returns and products.
• Check to see that you have enough money withheld from your paycheck to pay your taxes.
So if the IRS withholding your tax refund or you received an IRS notice or letter dealing with this issue and need professional and affordable tax help call us today.
