CP2000

High

Underreporter Inquiry

What This Notice Means

The CP2000 notice proposes changes to your tax return because the income and/or payment information the IRS has on file doesn't match the information you reported on your tax return. If you're unsure about your tax obligations or need to verify tax relief options, professional assistance can help clarify your situation.

Why You Received This Notice

  • You didn't report all your income on your tax return
  • You claimed credits or deductions you weren't eligible for
  • There's a discrepancy between what payers reported to the IRS and what you reported

What You Should Do

  • Review the notice carefully and compare it to your tax return
  • Respond by the deadline even if you need more time
  • If you agree, sign the response form and pay any amount due
  • If you disagree, gather documentation and submit a complete explanation
  • Consider getting professional help if the amount is significant
  • Verify your tax relief options if you cannot pay the proposed amount

Professional tax relief services can help you understand all available options and guide you through the resolution process.

Don't Ignore This Notice

  • The IRS will assume you agree with the changes if you don't respond
  • You'll lose your right to dispute the changes in Tax Court
  • The proposed changes will be assessed, and you'll receive a bill
  • Collection actions may follow if you don't pay the assessed amount

What Happens Next

If you don't respond to this notice, the IRS will send a Notice of Deficiency (CP3219A), which gives you 90 days to petition the Tax Court. If you don't petition the Tax Court, the IRS will assess the tax and begin collection actions. Professional tax help can assist in preparing your response and exploring resolution options. Professional tax help can assist in negotiating with the IRS and exploring all available resolution options.

Need Help With This Notice?

Our tax relief experts can help you understand this notice and resolve your tax issues. Don't face the IRS alone. If you're wondering do I owe the IRS or need tax relief verification, we can help clarify your situation.

Quick Facts

Severity

High

Response Time

30 days to respond

$

Category

Audit

Need Urgent Help?

If you've received a CP2000 notice and the deadline is approaching, contact us immediately for urgent assistance.

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