The IRS advises being cautious while submitting tax returns. The reason for this is a lot of taxpayers make several mistakes when filing their tax returns. In general, a math error indicates an addition or subtraction mistake. But this math error notice can indicate something bigger. Math errors are simply tax adjustments made for several issues, which are identified by the computers of the IRS team at the time of return processing.
These typically lead to tax that must be paid, a reduced refund, or occasionally a bigger refund. In most cases, the IRS notifies taxpayers in phases through letters. The first notice that you receive is the final notice and if you do not respond before 60 days, they will assume that you agree to the further tax assessment or reduction in the refund. For IRS math error notice 2022, contact a tax relief professional.
As a tax relief professional will have a better knowledge about such notices, taking their assistance helps to avoid some serious mistakes. But be sure that you hire tax professionals only the reputed companies. Otherwise, your money might go wasted. Compare the reviews and the fee to find the best tax relief professional. When you receive a math error notice, follow the below steps.
Agree To Error
If you observe that the error is a valid one, make the necessary changes and send back your tax return, including a copy of the notice.
Disagree to Error
If you disagree with the error, make a call to the IRS as soon as possible and inform them of the same. If you need some assistance in checking the error, contact a tax professional. A tax professional is an expert in identifying such errors.
When you receive a math error notice, do not panic and handle it carefully. Otherwise, you might end up making mistakes.