Professional Tax Firm CTR Providing Guidance for Taxpayers Who Receive an IRS Notice

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Professional tax firm providing tax season guidance for taxpayers who receive an IRS notice.

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Another common notice CTR mentions is IRS notice CP09, informing the taxpayer that there is an available Earned Income Tax Credit that has not been claimed.

CTR’s Carson tax attorney is offering advice by April 15th to any taxpayers who have received notices from the IRS. If a notice has been issued by the IRS, CTR recommends determining the type of notice and responding quickly.

There are five common notices a taxpayer can receive from the IRS. In general, the taxpayer has 30 days to answer an IRS notice before the IRS seeks further action. Some notices from IRS are for audits or levies, but the majority is sent as notifications of discrepancies between the IRS’ expectations and what the taxpayer filed.

The first notice CTR advises on is IRS notice CP503, which claims an outstanding tax balance owed to the IRS. This notice precedes a tax lien being issued to a taxpayer. The tax lien involves a hold being placed on the taxpayer’s accounts and assets and damage to the individual’s credit score. The taxpayer has ten days to pay the full balance. If a California resident could not make the full payment, Claremont tax attorneys could recommend options on tax resolution.

Another common notice CTR mentions is IRS notice CP09, informing the taxpayer that there is an available Earned Income Tax Credit that has not been claimed. This is an issue easily fixed, as the IRS will send the EITC form with the notice. Once the form has been returned, eligible taxpayers will receive a refund check within six to eight weeks.

Third on the list is IRS notice CP180, which states that the taxpayer’s income tax return is missing the correct form or schedule. If the missing form is not submitted to the IRS before the deadline, the balance can be adjusted to reflect that. Any missing forms can be downloaded from the IRS website. A taxpayer in California can reach out to a Calabasas tax attorney working with CTR to obtain the necessary forms. The information portion of the IRS notice must be filled out and then returned with the missing form or schedule.

On occasion taxpayers overpay the IRS, in which case they will receive IRS notice CP12E and a refund to the taxpayer for the difference. If this was done in error, a taxpayer can contact the IRS by phone or mail within sixty days to have the opportunity to appeal the decision in court.

The last notice CTR frequently handles is IRS notice CP19, claiming an increase in taxes owed due to incorrectly filed deductions or credits. These errors are automatically adjusted by the IRS. Taxpayers receiving notice CP19 should compare their income tax returns to the IRS notice, and if the increase is correct, the taxpayer has the standard thirty day period in which to complete the form and return it to the IRS with the requested payment. If a taxpayer cannot make the full payment, their best option is to pay as much as possible. Virginia residents seeking a resolution should contact the Chesapeake tax attorney or a CPA to work with the IRS on negotiating some kind of resolution.

CTR offers tax debt resolution and tax services for individuals and businesses across the United States. The company uses a three step program to create personalized strategies to help taxpayers settle their IRS debt. The company offers many services, including: state and federal tax debt resolution, IRS audit defense, tax preparation and bookkeeping.

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Henry Johnson
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