Over the years, so much can change in a person’s life. They may get a new job. They may move, within the city they already call home or to a completely different state, or even country. They may get married, leading to a change in their last name. Credit cards change, bank accounts are opened and closed, and many other financial matters pop up or go away as the years pass.
We bring all of this up because, in the context of your taxes, these changes can present logistical issues. A name change could result in confusion on the part of the Internal Revenue Service. A change in address could lead to critical documentation being lost, or at the very least going to the wrong people and causing a delay in your ability to complete or send in your taxes. A new job can greatly affect you income and, thus, greatly affect your taxes.
The IRS is made up of people — though it may sometimes seem like a faceless tax-collecting machine, there are people there making the organization run. People make mistakes, and the IRS has made plenty during its existence. These mistakes can cause tremendous confusion for an individual taxpayer.
Ultimately, what we’re trying to say is that if you have some tax issues, remember that the IRS isn’t always right, just like you aren’t always right. When tax problems come up, you need to consult some tax professionals to help you alleviate the situation, thus allowing you to move past this chapter of your life.
Source: FOX Business, “I Repaid Old Debt and IRS Thought it Was a Refund–What Now?,” Judy O’Connor, July 14, 2014
