IRS Letter CP 2000
IRS Letter CP 2000
I was searching for information on an CP 2000 that I’ve got from IRS and I found some very useful information on the website of Joe Mastriano CPA, here’s a interesting quote from his website at www.taxproblem.org:
CP 2000 – We Are Proposing ChangesTo Your Return
If you received this notice, it means that you have omitted income from your return or the amount of income or expenses on your return does not match the amount reported to the IRS. The following pages will provide an explanation of the changes followed by a detailed listing of the items that were left off your return or did not match the amounts reported to the IRS. Respond immediately, with all the proof you have to sway them to your way of thinking. Do not shortcut your proof.
Letter 3172 – Notice Of Federal Tax Lien And Right To A Hearing
You now have a real property lien in a particular county only. Just the county listed. Not all counties you own property in. I have had clients that sold all property they had in other counties and used this money to help them negotiate better payment plans. If the lien will cause a hardship, one acceptable to the IRS, then appeal it.
If you get IRS tax notices you should search and read about them on our site.
Letter 3391 – 30 Day Notification Letter
The IRS says you owe for the years stated. The letter shows you what the liability is based on. Agree to it or protest. However, if you never filed the return, then file it. Use their numbers for income and expense if you feel comfortable with them. If you just want to accept their information without filing a return, ask for a signature form so you can show you signed the return they prepared. They file an SFR (substitute for return) using the 3rd party payer information they have on file. This includes the W-2′s, K-1′s, 1099′s, etc. filed under your tax ID number. Signing a return and having the IRS enter it on their system will start the SOL on collections. I have seen the IRS collect tax liabilities way beyond 10 years because the taxpayer never started the running of the collection statute. The statute starts when the taxpayer files a return that the IRS accepts.
Letter 2050 – Please Call Us About Your Overdue Taxes Or Returns
If you received this notice, it means you owe tax and have ignored previous notices CP-504 or CP-523 or you have delinquent tax returns. You may receive this notice even if you have made arrangements to make installment payments or you have been placed in a “hardship” status. Do not call. Spend time now preparing the delinquent returns, and preparing your financial statements.
Letter 3016 – Preliminary Determination Letter
You have 30 days to appeal, if they turned down your request for innocent spouse relief. Go back and develop your arguments before calling for a new determination. If you can’t get the reviewer to change to your way of thinking, then file your appeal in a timely manner.
If you have received an IRS notice, make sure to read the info on this section of our site before you move on.
I love this guy’s website, all you need to know about taxes and the IRS is available freely on his website, and he also has a comment section where he provides quick tips and advice to his users. Personally I called his secretary and arranged a one hour paid consultancy so he can go over my situation and check the documents I prepared for the IRS.
http://www.internettravelmedia.com/blog/
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