I Received a CP2000 Notice from the IRS. What Should I Do Now?
January 19, 2024

Have you recently received a CP2000 letter from the IRS? This notice suggests potential discrepancies between your reported income and IRS records. Remember, it’s not a bill but a proposal to adjust your tax return.

Here are the steps you should take if you’ve received a CP2000 letter:

Step 1: Keep Calm and Review the Letter Thoroughly

Receiving a CP2000 notice is a standard IRS communication. Stay composed and carefully review the letter, noting the tax year and specified discrepancies.

Step 2: Verify the Information

Compare the CP2000 notice with your tax return. Ensure accuracy in reporting your income, deductions, and credits, and rectify any errors you find.

Step 3: Respond Within the Specified Timeframe

The IRS provides a specific timeframe for your reply. It’s crucial to meet this deadline to prevent further complications. Normally, you’ll have 30 days from the notice date to respond. If more time is needed, contact the IRS for an extension.

Step 4: Organize Supporting Documentation

Compile all relevant documents supporting your position—W-2s, 1099s, receipts, or any records validating your reported income and deductions. Present these in an organized manner for a clear and persuasive case.

Step 5: Formulate a Clear Response

Draft a concise response to the CP2000 notice. Address the discrepancies, provide explanations, and include supporting documentation. If you agree with the proposed changes, signing the response and sending it back suffices.

Step 6: Seek Professional Assistance

Dealing with IRS notices can be intricate, and seeking professional guidance can greatly assist. At Total IRS Relief, our experts, William Sharpe and Jeff Lichtenberger, specialize in aiding individuals and businesses facing tax challenges. They can assess your situation, offer tailored advice, and ensure your response complies with IRS guidelines.

Receiving a CP2000 notice may seem daunting, but remember, it’s a standard procedure. By following these steps and seeking expert help from Total IRS Relief, you can effectively address the situation and embark on the path to a stronger financial future.

Move towards a brighter financial future.

Contact Total IRS Relief today and schedule a risk-free consultation with William Sharpe or Jeff Lichtenberger!

Although we are based in both Illinois and Nevada, Total IRS Relief has experience in all 50 states and will fight for your case nationwide. Call (309) 681-8900 to reach our Illinois location, or get in touch with our Nevada office at (702) 342-2170.