IRS 30-Day Letter vs 60-Day or 90-Day Letter for Taxes and Penalties - Golding & Golding, A PLC

IRS 30-Day vs 90-Day Letter 

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Over the past few years, the Internal Revenue Service has significantly increased the issuance of fines and penalties – especially in the realm of international tax law and foreign accounts compliance. There are many different types of letters, notices, and forms that taxpayers will receive on their quest to avoid, reduce, or abate penalties -- such as the initial penalty notice, collection notices, final notices of Levy, and a Notice of Deficiency (NOD). With international reporting penalties, the roads are a bit different  -- and more winding -- since there is usually no audit before the penalty is issued and no income aspect to the non-compliance. Rather, international penalties are referred to as assessable penalties and the first chance the taxpayer has to dispute the penalty is after they received their initial notice -- usually on a CP15 Notice. Let’s take a look at some of the different letters that a taxpayer may receive as a result of being examined or penalized by the IRS.

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