An IRS Notice 1445 is a document sent by the Internal Revenue Service (IRS) to inform taxpayers about changes or updates to their tax return. This notice is usually sent after the IRS has reviewed the taxpayer’s return and identified discrepancies or issues that need attention.
The purpose of Notice 1445 is to provide taxpayers with an opportunity to review the proposed changes and respond accordingly. It includes detailed information about the adjustments made to the tax return, any additional taxes owed, and instructions on how to contest the changes if the taxpayer disagrees.
Frequently Asked Questions about IRS Notice 1445:
1. Why did I receive an IRS Notice 1445?
You received this notice because the IRS has reviewed your tax return and determined that changes or adjustments are necessary.
2. What kind of changes can be made through Notice 1445?
The changes can be related to various aspects of your tax return, such as income, deductions, credits, or any other items that affect your tax liability.
3. How can I review the proposed changes?
The notice will provide a detailed explanation of the adjustments made to your tax return. You should carefully review this information and compare it to your original return.
4. What should I do if I agree with the proposed changes?
If you agree with the changes, there is no action required from your side. You should pay any additional taxes owed by the due date mentioned in the notice.
5. What if I disagree with the proposed changes?
If you disagree with the proposed changes, you need to respond to the notice within the specified timeframe. The notice will provide instructions on how to contest the changes, including filing an appeal or providing additional documentation.
6. Can I request an extension to respond to the notice?
Yes, you can request an extension to respond to the notice. The notice will provide information on how to request an extension and the timeframe within which you must make the request.
7. What happens if I don’t respond to the notice?
If you don’t respond to the notice within the specified timeframe, the proposed changes will become final, and you will be required to pay any additional taxes owed.
8. Can I seek professional help in responding to the notice?
Yes, you can seek professional help, such as a tax attorney or a certified public accountant, to assist you in responding to the notice. They can review the proposed changes, help you understand your options, and guide you through the process.
In conclusion, an IRS Notice 1445 is an important document that notifies taxpayers about changes or adjustments made to their tax returns. It is crucial to carefully review the proposed changes and respond accordingly within the specified timeframe. Seeking professional help is advisable if you are unsure about how to proceed or if you disagree with the proposed adjustments.