408 East Market Street, Suite #207, Charlottesville, VA 22902

Office (434) 971-7642 Fax (434) 971-3587

Office (434) 971-7642 Fax (434) 971-3587

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    • Home
    • About
    • Contact Us
    • Services
    • Print Resources
    • Online Resources
    • FAQ
  • Home
  • About
  • Contact Us
  • Services
  • Print Resources
  • Online Resources
  • FAQ

Huey & Bjorn

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Frequently Asked Questions

What should I do when I get an IRS notice?

 

When you receive an IRS notice keep the following suggestions in mind:

  1. Do not Panic.  A simple response to the letter usually is all that is needed.  And remember, we are just a phone call away.
  2. Read the letter. Do not ignore the letter.  Letters will reference a specific year, a specific issue and give you specific instructions and dates by which to respond.
  3. Respond, if requested, in a timely matter.  Most notices you receive are requesting a change to your account, taxes owed or a payment request.  Responding in a timely manner by the date specified could minimize additional interest and penalties.

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What do I claim as Rental Income and Rental Expense?

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What is the difference between an Independent Contractor and an Employee?

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