IRS Letter 525 – The IRS is Auditing Your Form 1040 and Needs a Response From You
An IRS auditor made changes to your tax return and you have a right to appeal the changes.
Type of notice: Return accuracy
Most common tax problem area: IRS audits
Why you received IRS Letter 525
- The IRS selected your tax return for an audit.
- The audit resulted in the IRS proposing changes to your tax return.
- The IRS is proposing additional tax, penalties, and interest (or in some cases a refund due).
Your options to address IRS Letter 525
- Dispute the taxes you owe
- Dispute the penalties
Notice deadline: 30 days
If you miss the deadline: You will lose your right to appeal the auditor’s changes with the IRS Office of Appeals and the IRS will issue a notice of deficiency. This notice gives you 90 days to petition the U.S. Tax Court.
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