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I received an IRS CP 2000 tax notice. What should I do?
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| The IRS CP 2000 tax notice
informs you of the IRS's proposed changes to taxable income,
tax payments, tax credits, or tax
deductions, and the amount of tax due to the IRS, or tax refund due to you.
The IRS CP 2000 tax notice is normally a five to
six page tax letter. You should review the
tax information on your tax return that you filed with the IRS and
compare it with the tax information in the IRS CP 2000 tax notice. If the IRS CP 2000 tax notice
tells you that a correction
was made to your account and you agree with the correction a reply is not needed unless a
tax
payment is due to the IRS.
If you do not agree with the correction the IRS made it is important that you respond
to the IRS CP 2000 tax notice as requested by the IRS.
You should write to the IRS and tell them why you disagree
with the IRS CP 2000 tax notice so any necessary action can
be taken. If you are due a tax refund as a result of a tax adjustment, it will be sent to you
by the IRS unless you owe other amounts the law requires the IRS to collect
from your tax refund (for example, related tax
accounts, child support, student loans, etc.). IRS CP 2000 tax notices and tax refund checks are sent from
different IRS locations. Any tax refund issued as a result of a change or correction should be
received within 6 weeks from the date of the IRS CP 2000 tax notice.
You may be able to avoid any
tax penalties. See "What
are the tax penalties and interest? Can they be avoided?".
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Related tax
information about IRS CP 2000 tax notices |
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I received a tax notice from the IRS. What should I do?
I received an IRS tax notice that's wrong. What
should I do?
How to avoid an IRS audit?
How to prepare for an IRS audit?
What are my appeal rights?
What are the tax penalties and interest? Can they be
avoided?
How does the Statute of Limitations affect income tax
obligations?
How does the Bankruptcy Code affect income tax obligations?
Taxpayer Bill of Rights
Tax Audits, Tax Collections and trouble with the IRS |
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IRS publications about
IRS CP 2000 tax notices:
Refer to Tax Topic 652, Notice of Underreported Income - CP 2000, for
additional information. For further information on the appeals process, refer to
Tax
Topic 151, Your Appeal Rights. Also see IRS Publication 1, Your Rights as a
Taxpayer, IRS Publication 5, Appeal
Rights, IRS Publication 556, Examination
of Returns, Appeal Rights.., and IRS Publication 17, Your Federal
Income Tax. |
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IRS Links:
IRS
Appeals
IRS Problem
Resolution Office
IRS
Taxpayer Advocate |
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Ask Julian Block your IRS and tax questions! |
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If you can't find the answer to your IRS or tax question in our
web you can call former IRS Special Agent and one of the country's foremost tax attorneys, nationally syndicated columnist ("The Tax
Adviser") Julian Block. Julian is also the tax Editor of Mutual Funds Magazine, America's premier investment magazine. To
call Julian for a tax consultation click
here. |
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