Between email, mail, faxes, and social media, we are bombarded by incoming messages. It is easy to ignore all\u00a0of this, or perhaps limit the time spent, but you should not ignore your snail mail. Here are a few things to be\u00a0aware of regarding mail to make sure that you do not create a financial mess.<\/p>\n
Change Your Address:<\/em> This is extremely critical if you move so that you receive your bills on time, IRS notices,\u00a0and other important mail. You need to contact each company to change your address and also prepare and\u00a0submit change of address forms with the IRS. You should have your mail forwarded to your new address.<\/p>\n Open Your Mail:<\/em> For tax purposes, it is extremely important to open and read all mail that is received. The IRS\u00a0has increased the number of notices that it sends out by about six fold over the past 10 years, so it is likely that\u00a0you may receive one. The notice may be incorrect, but there are time limits to respond to the notices, otherwise a Minor Bills:<\/em> You may receive a bill from a credit card company for just a few dollars and then put it to the side\u00a0because of the insignificant amount. This is a bad move because even a small balance that it not paid will show up\u00a0as a missed or late payment on your credit report and will lower your credit score. This can also happen with\u00a0other bills that end up being submitted to a collection agency, which will also have a negative impact on your\u00a0credit score.<\/p>\n One observation that we have noticed is that both tax and financial issues either start or are compounded by\u00a0ignoring mail. This is especially true if you receive certified mail that is ultimately not received or picked up at the\u00a0post office. Let us know if you need help deciphering any tax notices that you receive.<\/p>\n","protected":false},"excerpt":{"rendered":" Between email, mail, faxes, and social media, we are bombarded by incoming messages. It is easy to ignore all\u00a0of this, or perhaps limit the time spent, but you should not ignore your snail mail. Here are a few things to be\u00a0aware of regarding mail to make sure that you do not create a financial mess. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[8,12],"tags":[22,39],"class_list":{"0":"post-27","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-financial","7":"category-irs-resolution","8":"tag-credit-score","9":"tag-irs","10":"entry"},"_links":{"self":[{"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/posts\/27","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/comments?post=27"}],"version-history":[{"count":0,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/posts\/27\/revisions"}],"wp:attachment":[{"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/media?parent=27"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/categories?post=27"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/tags?post=27"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nsmall issue will become a large and expensive one. Additionally, you have certain rights as a taxpayer, but they\u00a0must be exercised within a limited timeframe.<\/p>\n