Knowing exactly what the best response to an IRS letter could be is always a tricky question. You just never know if that IRS letter is bringing good news or bad news. It usually just provides more information about your account. However, an IRS letter often also requires you to take an action – which you should not ignore or delay.
If there are issues with your tax return, first see if you can determine the reasoning behind the letter. Watch the video below. Then read our blog regarding the IRS delays caused by COVID-19 to learn how best to respond.
Sometimes the Best Response to an IRS Letter is to Wait
It may just be a case of the IRS backlog due to COVID-19. In that case, the best response if often to wait until the IRS gets caught up.
Consider These 8 Tax Breaks For Grandparents
