What Happens When YOU Get a Letter From the IRS?
What happens when you pick up the mail and there is an envelope from the IRS? Entrepreneurs and small business owners in every stage of development open it immediately. Those three letters definitely promote that piece of mail to priority status.
The IRS says they send a notice or letter if:
- You have a balance due
- You are due a larger or smaller refund
- There is a question about your tax return
- They need to verify your identity
- They need additional information
- They changed the return
- They are notifying you of a delay in the processing of your return
That doesn’t mean that every piece of correspondence from the IRS is a bad thing or a problem, but no matter what, that little jolt of electricity runs through your veins.
When notices come in that involve your payroll, and you have outsourced your payroll processing to The Payroll Department, you have an ally to help you understand the notice and resolve the matter. And that in itself is a relief. They have experience in dealing with governmental agencies and know how to fix errors and get adjustments as smoothly as possible.
It’s not easy and it can take a lot of time and patience, but small business owners as employers and their employees have a resource to turn to when changes are necessary.
Small business payroll tax deposits and reporting are complex and must be handled in a certain time frame and manner. When they aren’t, you can expect some notices and facing those alone can be intimidating.
When you receive correspondence from the government, they suggest you take certain steps:
- Read the entire notice or letter carefully.
- Respond within the required timeline.
- Pay as soon as possible.
- Contact them by phone if you have questions or disagree.
- Keep a copy of all correspondence with your tax records.
Teresa Ray at The Payroll Department suggests you call them right away. They help clients sort out issues and get resolution of payroll issues as quickly as possible – even if it is on government time.
It’s just one more (great) reason to outsource your payroll.
-Elaine of The Payroll Department Blog Team
