IRS CP23 Notice: What It Means and How to Respond
If you've received an IRS CP23 Notice, it means the IRS has reviewed your tax return and found an error that led to you owing more tax. This notice explains the changes and how you should respond.
What is an IRS CP23 Notice?
The CP23 Notice is sent when:
- The IRS has identified an error on your return.
- They corrected the error and recalculated your tax balance.
- The notice details the original amount, IRS's correction, and the new balance due.
Why Did I Get a CP23 Notice?
Typical reasons include:
- Mathematical errors.
- Incorrect income or deduction reporting.
- Errors related to credits or filing status.
What Should I Do After Receiving a CP23?
Step 1: Review the Notice Carefully
Compare the IRS's correction to your original return.
Step 2: Agree or Disagree?
- If you agree, pay the amount due by the deadline.
- If you disagree, contact the IRS immediately and provide documentation.
Step 3: Act Promptly
You usually have 60 days from the notice date to respond or pay.
What Happens If I Ignore a CP23 Notice?
- Interest and penalties will increase.
- The IRS may start enforced collection actions.
- You could lose your right to dispute the change.
Tips to Avoid CP23 Notices
- File accurate returns with correct calculations.
- Use trusted tax preparers or software.
- Keep thorough documentation.
KARME Tax Services Can Help You Resolve IRS Notices
Dealing with a CP23 Notice can be overwhelming. At KARME Tax Services, we help you:
- Understand IRS adjustments
- Dispute errors professionally
- Negotiate payment plans if needed
- Prevent future IRS problems
Call KARME at 972-519-0041 or book your consultation online today. Early action helps avoid penalties and stress.
