Noticed by the IRS? Now What?

Getting a letter from the IRS is enough to make anyone's stomach drop. But before you panic, take a breath. Chief tax officer Sim Terwilliger, CFP®, CSLP®, joins us to break down what those notices mean, why they're often less scary than they look, and the exact steps to take if one shows up in your mailbox. You'll learn the most common IRS notices (and the ones that actually need urgent attention), how to make sense of the dense tax jargon, and what to do if you've got unique situations like multiple 1099s or community property rules in states like California. If you're a business owner, newly married, or just someone with a messy tax year, consider this your playbook for handling IRS mail like a pro. Key moments: (05:10) California's tax notices can confuse married filing separately, even if you didn't do anything wrong (12:30) The viral TikTok tax myth you should ignore (17:02) The first thing to do when an IRS notice lands in your mailbox (23:46) How a mid-year tax projection can save you from penalties and stress There's no one-size-fits-all for wealth. Get the plan that fits you. Try SLP Wealth risk-free! Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Amazon Music Leave an honest review on Apple Podcasts