An inquiry letter now going out from the Internal Revenue Service may make you cringe a bit, but you’ll want to read it closely before you panic.
Verification Letter 4464c confirms that you filed your taxes, but – and here’s the cringe – it also says the IRS is holding up any refund to make a thorough review of some type of information on your tax return.
“Typically, the IRS checks with a third party, such as the employer, to verify information on the return,” writes TaxPro Weekly, a newsletter for the accounting profession.
The letter does not announce an audit. However, it is telling you not to expect any refund to arrive for another 60 days. What should you do? Typically, taxpayers should do nothing but wait for the entire 60 days. If a refund hasn’t arrived by then, the taxpayer can call an IRS phone number to check on it.
With millions of 2014 income tax returns flooding into its computers, the Internal Revenue Service is trying to filter out bogus returns before taxpayers get bilked. Letter 4464c comes from the Integrity & Verifications Operations Office, which is charged with preventing fraudulent refunds.
Send an email or make a phone call to us at EricJohn Ltd. to find out more about Letter 4464c notices.