The Internal Revenue Service has a matching program that matches up third-party information with your US corporate tax return.
If the Internal Revenue Service finds that errors have been made in matching up third-party information with your corporate tax return the IRS will issue a tax adjustment on an IRS notice or letter 2030.
You must follow up on these notice or letters because IRS will make the adjustment assess the tax and may proceed with collection or enforcement action to collect the money.
This Notice letter lets you know the IRS is proposing changes in income, credits, and deductions reported on your Form 1120, U.S. Corporation Income Tax Return, or Form 1041, U.S. Income Tax Return for Estates and Trusts.
IRS has compared your information with items reported to us by banks, businesses and other payers.
If this is happened to you and you need to contact a former IRS agent for help to make an adjustment to your tax return, represent you before the Internal Revenue Service.
Call us today for free initial tax consultation.
Many times these notices or letters that you get from these third parties are wrong and needs to be corrected.
W know are here to help you.
What you need to do
• Compare the information in the two columns – “Shown on return” and “As corrected by IRS”. Did you receive the income? If you received the income, did you report it on your tax return? IRS employees search the tax return to locate all income, but they may be unable to determine the source if some items are combined.
• If you didn’t report the income on your tax return, you don’t need to file an amended return to report it. Check the box indicating that you agree with all changes, sign and date the response page and return it with your check or money order made payable to the United States Treasury.
• If you agree with the increase, but you can’t pay the entire balance due, you may be able to request a payment plan. If you didn’t report the income for another reason, send us an explanation.
• If you don’t agree with the increase, check the box indicating you don’t agree with some or all of the changes on the response page and return it with a signed statement explaining each item of discrepancy. If applicable, attach copies of documents to support the entries on the original return.
If you need any help with the Internal Revenue Service on any tax matter, need expert representation, or have former IRS agents review or prepare your returns, calls today for free initial tax consultations” or quotes.
