What To Do If You've Received a CP2000 Letter From IRS
Getting a CP2000 letter from the IRS can be stressful. This notice means the IRS found discrepancies between what you reported on your tax return and what third parties, like employers or banks, reported.
What Is a CP2000 Letter?
The CP2000 notice alerts you that the IRS has identified unreported or underreported income, incorrect deductions, or credits on your tax return.
Why Did I Receive a CP2000 Notice?
- Income reported on W-2s, 1099s, or other forms doesn't match your return
- You missed reporting some income sources
- Errors in reporting dividends, interest, or self-employment income
What Should I Do Next?
Step 1: Carefully Review the Notice
Compare the IRS's findings with your tax records.
Step 2: Agree or Disagree
- If you agree, sign and return the response form and pay the amount due
- If you disagree, gather supporting documents and send a detailed explanation
Step 3: Respond Within the Deadline
You usually have 30 days from the notice date to respond.
Related Topics to Help You Navigate This Notice
- Learn more about tax deficiency notices
- Understand how audits can lead to notices like CP2000
- Need help responding to IRS letters?
KARME Tax Services Can Help You Respond to a CP2000 Letter
If you've received a CP2000 letter, professional help can make all the difference. At KARME Tax Services, we:
- Review your IRS notice and financial records
- Help prepare your response or dispute
- Negotiate payment plans or settlements if needed
Call KARME at 972-519-0041 or book your consultation online.