What Do I Do With an IRS Letter?

The following is a guest post by Jim Young. If you are one of those folks who just hate bad news, why take a chance by opening a letter from the Internal Revenue Service? You won’t be receiving a notice that you won the lottery. More likely you will be informed that you owe additional tax or get equally distressing news – it’s audit time. Most initial letters from the IRS ask for additional information regarding a tax return you …