LETTER 3027C

IRS Letter 3027C is a notice that the Internal Revenue Service (IRS) sends to taxpayers when they have identified a discrepancy between the taxpayer’s tax return and the IRS’s records. The discrepancy could be related to income, deductions, credits, or other items on the taxpayer’s return.

The IRS sends Letter 3027C to taxpayers for a variety of reasons. Some of the most common reasons include:

• The taxpayer reported incorrect income on their tax return.
• The taxpayer claimed deductions or credits that they were not eligible for.
• The taxpayer did not report all of their income.
• The taxpayer made a mistake in calculating their tax liability.
• The IRS has received information from a third party that indicates that the taxpayer’s tax return is incorrect.

If you receive Letter 3027C, you should review the notice carefully and respond to the IRS within 30 days. Your response should include any documentation that you have to support your tax return. If you are unable to provide documentation to support your tax return, you may need to pay the additional taxes and penalties that the IRS has assessed.

Here are some tips for responding to Letter 3027C:

• Gather your records. The first step is to gather all of the records that you have to support your tax return. This includes income statements, W-2 forms, 1099 forms, and receipts for deductions. If you are missing any records, you may need to request them from your employer or other third parties.
• Review the notice carefully. The IRS notice will explain the discrepancy between your tax return and the IRS’s records. It will also tell you how much tax you owe and how to pay it.
• Respond to the IRS within 30 days. You must respond to the IRS within 30 days of receiving the notice. You can respond by mail, fax, or online.
• Be honest and accurate in your response. If you made a mistake on your tax return, be honest about it in your response. The IRS is more likely to be lenient with taxpayers who are honest and cooperative.