7 Common IRS Notices: What You Need to Know
Getting a letter or notice from the IRS can cause instant worry, but understanding what these notices mean helps you respond effectively and avoid penalties. Here's a rundown of 7 of the most common IRS notices, what they mean, and your best next steps.
1. CP2000 Notice
This notice occurs when the IRS finds a mismatch between the income you reported and information it received from employers or banks. It proposes additional tax owed and gives you a chance to agree or dispute.
Related: What To Do If You've Received a CP2000 Letter From IRS
2. CP14 Notice
A balance due notice letting you know how much tax you owe. It includes payment instructions and deadline to avoid penalties.
Related: Received a Notice or Letter from the IRS: What Now?
3. CP11 Notice
Sent when the IRS corrects a math error that increases your tax owed. It explains the correction and amount due.
Related: What is an IRS Notice Tax Deficiency?
4. CP12 Notice
Notifies you of a math error that results in a refund or a change in your tax return that benefits you.
Related: Received a Notice or Letter from the IRS: What Now?
5. CP90 Notice
Informs you of intent to levy your assets due to unpaid tax balances. This is a serious notice requiring immediate action.
Related: How Long Does It Take to Resolve an IRS Audit?
6. CP75 Notice
Notification that the IRS is offsetting your tax refund to pay outstanding debts like child support or student loans.
Related: Received a Notice or Letter from the IRS: What Now?
7. CP2000 Reconsideration Notice
Sent after you dispute a CP2000 and the IRS makes a final determination.
What Should You Do When You Receive an IRS Notice?
- Read the notice carefully: Understand what the IRS is saying.
- Check your records: Confirm if the IRS's claim is correct.
- Respond timely: Don't ignore IRS notices. Deadlines are usually within 30 to 60 days.
- Seek help if unsure: IRS notices can be confusing. Consider professional help.
Protect Yourself Going Forward
Filing accurate returns, keeping good records, and filing early can help you avoid many IRS notices. If you want to learn how to reduce audit risk, check out: Will My Tax Return Trigger an Audit?
Need Help Responding to an IRS Notice? Contact KARME Tax Services Today!
Navigating IRS notices can be stressful and complex. At KARME Tax Services, we:
- Review IRS notices with you
- Help dispute errors or negotiate payments
- Guide you to avoid future IRS issues
Call KARME at 972-519-0041 or schedule your consultation online now. Let us handle the IRS so you can have peace of mind.
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