I recently received an adjustment letter from the IRS, which explained that an adjustment to my tax return indicates that I am responsible for additional taxes. If I disagree with the adjustment and additional taxes for which I am now responsible, what recourse to I have?
The letter you received should provide instructions on how the IRS want you to respond. The letter should request a written response from you explaining why you don’t agree with the additional taxes. Once you respond, the IRS will review your situation and alert you to their decision regarding the adjusted return dispute.
Learn more about the health insurance penalty and what fees you risk incurring with advice from the tax experts at H&R Block.
Is rental property depreciation effected by AMT rates? Explore your options and learn more. Get tax answers from H&R Block.
If a business doesn't pay taxes, what will the IRS do? Learn about penalties for businesses and get tax answers at H&R Block.
Do you have to pay a tax underpayment penalty? Learn what to do if you underpaid on your taxes. Get tax answers at H&R Block.