CP2000 Notice
Underreported Income

Million of taxpayers each year encounter IRS matching notices where the IRS has proposed additional taxes, penalties, and interest for omitting a Form W-2, 1099, or other information return. CP2000 notices work like IRS mail audits.

IRS Penalties and Penalty Relief Options

Taxpayers who file or pay late, or file inaccurate returns, can face IRS penalties. There are five reasons that the IRS provides penalty relief.

Unfiled Past-due Tax Returns

Unfiled prior year returns can result in IRS enforcement actions. Taxpayers with delinquent returns need to research their IRS account, prepare/file an accurate return, and work with the IRS to get the return accepted.

Tax Debt and IRS Collection Options

Taxpayers who cannot pay the IRS on back tax debt must get into an agreement with the IRS in order to avoid enforced collection actions (liens, levies, and passport restrictions). Taxpayers can get into good standing by obtaining one of the four collection options with the IRS.

IRS Notices and Enforcement

The IRS send over 220 million notices a year to taxpayers. Many notices indicate a tax issue, IRS enforcement activity, or a need to understand more about your status and information with the IRS. You need to understand the purpose of the notice, and what steps should be taken in response.

IRS Audits

IRS audits can be the most intrusive of IRS investigations. The goal of an IRS audit is to determine whether the taxpayer reported the “substantially correct tax liability.” There is a right way and a many wrong ways to manage an IRS audit.