IRS CP23 Notice: Tax Balance Adjustment
The IRS has corrected an error on your tax return, resulting in an additional balance due.
Understanding Your CP23 Notice
The CP23 notice explains corrections the IRS made to your tax return that increased your tax liability.
Key Details Included:
- Specific error(s) identified by the IRS
- Original vs. corrected tax amounts
- New balance due after adjustment
- 60-day response deadline
Common Reasons for CP23 Notices
- Mathematical errors in tax calculations
- Incorrect income or deduction amounts
- Mistakes in credit claims
- Errors in filing status
How to Respond to Your CP23
If You AGREE With Changes:
- Pay the balance due by the deadline
- Consider setting up a payment plan if needed
- Keep the notice for your records
If You DISAGREE With Changes:
- Gather all supporting documentation
- Contact the IRS within 60 days
- Follow the dispute process outlined in the notice
- Consider professional tax representation
Potential Consequences
- Additional penalties and interest charges
- Possible wage garnishment or bank levies
- Loss of dispute rights after deadline
- Negative impact on credit if unresolved
How We Can Help Resolve Your CP23
Our tax resolution services include:
- Detailed review of IRS adjustments
- Professional dispute preparation and filing
- Direct communication with the IRS
- Installment agreement negotiation
- Future filing guidance to prevent errors
Don't Let IRS Errors Cost You More
Timely action can prevent penalties and collection actions.
Call 972-519-0041 now for expert assistance.