Shut up for 60 days!


by Alex Franch, Tax Specialist

IRSI see a lot of correspondence from the IRS.  Some of it is legitimate, some of it seems dubious to me, and some of it is good news ! Then there is LTR 4465C (the IRS letter that says it will make a determination in 45-60 days).

The IRS has parameters and norms that they compare your tax return too.  If this was College History 101 and you were the kid throwing off the bell curve, you might be flagged for examination.  These examinations might be a hassle but you can argue that they are legitimate.

Some examinations can be a bit dubious as in the case of a form that is not required to be filed anyway.  It happens more than you might think.

Sometimes you get some good news and discover that you made an additional tax payment.

My favorite letter however has got to be the ’60-day letter.’  The letter (technically LTR 4464C) basically tells you that they received your stuff, whatever that might be, and they will make a determination in 45-60 days.  On the face of it, it seems like you know where you stand but they basically just told you to shut your trap for 60 days with no other info regarding your case.

For more information, call Alex Franch at 781.789.7200. WorthTax has locations in Norwell, Dedham, and Weymouth, Massachussetts.
Alex Franch

Mr. Franch is a Tax Specialist and Partner at Joseph Cahill & Associates / WorthTax. He has a diverse background including a Bachelor of Science from Boston College in Mathematics and extensive military service. Mr. Franch is an Enrolled Agent and has eight years of tax preparation experience. He has been serving individuals, families, and businesses for several years with tax and financial planning strategies and is a junior partner with the firm. Mr. Franch is licensed by the Financial Industry Regulatory Authority (FINRA) with a Series 6, 63, 65, and 7, and by the Commonwealth of Massachusetts Division of Insurance.