Did you get an IRS notice or letter advising you that your tax return did not match third-party information?

As a former IRS agent you should know that IRS matches up most of the 1099 income documents they received from third parties.

If there is a mismatch, the Internal Revenue Service will try to adjust your tax return and the first step in that is issuing an IRS notice or letter 2531.

It is very important that you follow up on this, if you don’t, IRS is going to assess that additional income against your tax return and proceed with IRS collection action.

Many times the information from third parties is wrong if you need help to overturn that notice or letter or need further understanding call us today for a free initial tax consultation

Understanding Your Letter 2531

Information reported on your tax return doesn’t match information reported to us from third parties.

What you need to do

• Read your notice carefully. It explains the information we received.

• Complete and return the response form to indicate if you agree or disagree with the information reported.

• 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 you agree with the information reported by others, sign and date the response page and return.

• If you don’t agree with the with the information we sent you, check the box indicating you don’t agree with some or all of the information 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.