It is possible that this year, certain taxpayers will receive a CP2000 notice from the IRS. The Notice provides detailed information about problems identified by the IRS. Here is some information to help you understand why you received a notice from the IRS and what you can do:
- The IRS sends a CP2000 notice to the taxpayer when the information on a tax return does not match the data reported to the IRS by banks and other third parties.
- This CP2000 notice is not a formal audit notification. It is simply a notice to see if you agree or disagree with the proposed tax changes.
- If we prepared your tax return please fax, upload or bring us a copy of the IRS Notice you received so that we may review the proposed changes as per your engagement letter with CD Tax & Financial.
- If you want to try and resolve the notice yourself, the IRS provides a telephone number in each notice. Generally, you have 30 days after the date printed on the notice to respond.
- The IRS will send a CP3219A Regulatory Notice of Deficiency notice to you if you do not respond to the first Notice CP2000, or if the agency cannot accept the additional information provided.
A Notice CP3219A provides detailed information about why the IRS proposes a tax change and how the agency determined the change. The notice informs you of your right to challenge the decision in the Tax Court if you decide to do so.