IRS letters require attention but shouldn't cause a coronary

06/18/2013 | Fox Business Small Business Center

You shouldn't start to hyperventilate just because you have received a notice from the IRS, writes Bonnie Lee, owner of Taxpertise. In many cases, these letters are simply seeking more information. However, if you need to talk to someone from the IRS, "always note the name and ID# of the employee with whom you speak along with the content of the conversation and keep copies of any notices you receive with your other income tax records," Lee advises.

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