BulldogTom Posted 5 hours ago Report Posted 5 hours ago Client got a letter from the IRS that needs to be responded to in 20 days. The letter is dated 4/7/2024. I got the letter today.... The letter asks for "Any Supporting Documents Verifying Income". The client has a Sch. C with 500K of gross income and a loss on the bottom line. At least I did not get it after it was too late to respond. I am blessed that my clients are so thoughtful. 20 days to respond, 20 weeks to get a response back. Anyone taking the under on getting a response before 20 weeks? Tom Longview, TX 3 Quote
Sara EA Posted 2 hours ago Report Posted 2 hours ago You can always ask for more time to complete your response. IRS really does want to work with you, and I've never had them deny such a request. Of course that was when they still had employees.... 1 Quote
Lee B Posted 2 hours ago Report Posted 2 hours ago I wonder why they want to verify income? What kind of business is this? Do they have cash receipts? Quote
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