I represent taxpayers in New Hope, Minnesota and all the 50 States in the United State before all administrative levels—examination, collection, and appeals—of the Internal Revenue Service (IRS) and Minnesota Department of Revenue.

The number one way the IRS talk to taxpayers is through paper mail correspondence. It is important to open the mail to find out what the IRS or Minnesota Revenue is requesting. Here are some common notices you may receive if you have filed your taxes.

CP2000 Notice

This is the most common type of notice where the IRS computer system matches the information reported on the taxpayer’s return with information reported by employers(W2), banks (1099-Int, 1099B) businesses and others. A discrepancy was found causing the notice to be generated and mailed to the taxpayers(s).

For example, you sold your home and the real estate company reported the sale to the IRS and you forgot to include the sale on your tax return, a CP2000 notice will be generated because of the unreported income. The change may cause an increase or decrease in the tax or may not change it at all. If the IRS does not receive a response in time, they will issue a Statutory Notice of Deficiency.

CP2501 Notice

The IRS has received information not reported on the tax return. If they do not receive a response by the due date of the letter, the IRS will issue a notice of proposed changes. Taxpayer should compare the filed return with the notice. Contact third party if there is an error from them.

CP14 Notice

The IRS sent this notice because there is money owed on unpaid taxes This notice will show the taxes, penalties and interest owed, and the credits applied to the balance due. If the IRS doesn’t get a response within 21 days, more penalties will be charged.

CP11 Notice

The IRS made changes to the return because they believe there’s a miscalculation. The taxpayer owes money on the tax return because of these changes. If you disagree, contact the IRS at the toll-free number listed on the top right corner of the notice. If you contact the IRS in writing within 60 days of the date of this notice, they’ll reverse the change they made to the account.

If you or someone you know have received any of the above notices, please feel free to contact me at by email at joe.alabi@fishcointax.com.

Please feel free to contact me using the information below.

Joe Alabi EA MAcct(Taxation) CTRC

www.fishcointax.com

Ph. (612) 516 5878

Fax (612) 516 5878

Email : info@fishcointax.com