Now as most people whom have filed that want to, before late Aug. (the real tax deadline) the letter audits have started to bloom. We are seeing especially a lot of the old standards. Tax Due corrections where the clients return was accepted but the penalty are assessed for unbalanced 941 payments in ratio to the income in those quarters or simply being over the amount you can owe annually without giving them a little more, and the penalty for not being in on time. Now we are also seeing the first of the new letter of correction the request for irs form 8962 and a copy of the 1095-A for the health insurance tax credits.
The government wants to double check the forward foretasted guess they forced you to make last year about your income to see if you got it right and to adjust your refunds or to send you a tax due notice based on what they “loaned you last year” in health insurance discounts. This is going to become a new normal so every “Tax Office Owner” should not just get comfortable with the letter being sent, what the IRS wants and what will happen when they are replied too…..but the SALE OPPORTUNITY that comes with IT!
This will be a huge wave of people whom may never had a letter from the IRS before. There are a large number of self prepares trying to avoid the costs of a professional or just people that have always done it themselves and could ,before the new health credit system made it twice as complex, whatever the reason it is a opportunity for you!
If your doing radio, twitter, FB or any other media its a chance to open those new doors with a free offer to help, “Hey and if you just got your first IRS letter about them wanting you to send your 1095A forms detail and file a form 8962, come on in and let us do it for you and respond. We also show you a simple way to avoid it next year.”
Every inconvenience to the public is an opportunity for a Tax Office Owner to meet new prospects if you pay attention!
The Tax “What if” Doctor;-)