Cp2000

[KMPOLLARD]

What is the name of your state (only U.S. law)? PA

I just received a CP2000 1/13/11 regarding my 2010 taxes. I have until 2/8/2011 to respond. I plan on disagreeing and asking for an extension to get my information together. I have already filed my 2011 taxes. Will I still get the refund since this was a notice and not a bill??What is the name of your state (only U.S. law)?

 

[kgeberent]

What is the name of your state (only U.S. law)? PA

I just received a CP2000 1/13/11 regarding my 2010 taxes. I have until 2/8/2011 to respond. I plan on disagreeing and asking for an extension to get my information together. I have already filed my 2011 taxes. Will I still get the refund since this was a notice and not a bill??What is the name of your state (only U.S. law)?

Hi There,

Did you end up having a problem getting your 2011 taxes? I am in the same boat for this year and wondering what your outcome was.

 

[Zigner]

Hi There,

Did you end up having a problem getting your 2011 taxes? I am in the same boat for this year and wondering what your outcome was.

Your situation is nothing like the situation presented in this thread.

 

[LdiJ]

Your situation is nothing like the situation presented in this thread.

Actually, it really is...

A CP-2000 letter is not a bill. Its a letter proposing a change in a tax return. It gives the taxpayer the opportunity to either agree with or dispute the change. It does not turn into a bill until the one of the following happens 1) the taxpayers agrees with the change, 2) the taxpayer does not dispute the change, or 2) the taxpayer disputes the change and the IRS does not agree with their dispute. A good 60% of those letters never result in an actual bill.
Therefore unless its reached the point where it has turned into a bill, it would not impact a current tax return.

 

[kgeberent]

Actually, it really is...

A CP-2000 letter is not a bill. Its a letter proposing a change in a tax return. It gives the taxpayer the opportunity to either agree with or dispute the change. It does not turn into a bill until the one of the following happens 1) the taxpayers agrees with the change, 2) the taxpayer does not dispute the change, or 2) the taxpayer disputes the change and the IRS does not agree with their dispute. A good 60% of those letters never result in an actual bill.
Therefore unless its reached the point where it has turned into a bill, it would not impact a current tax return.

Thank you very helpful From your experience, do you know if it's common for them to send that response notice stating they will send out another letter within 60 days? Also, is that a good sign, as opposed to replying immediately with the final due amount?

 

[LdiJ]

Thank you very helpful From your experience, do you know if it's common for them to send that response notice stating they will send out another letter within 60 days? Also, is that a good sign, as opposed to replying immediately with the final due amount?

Yes, its very common for them to send out that response notice. Yes, its generally a good sign. It means that your argument appears to have enough merit to warrant further review.

I deal with at least 500-600 CP2000's a year.

 

[kgeberent]

Yes, its very common for them to send out that response notice. Yes, its generally a good sign. It means that your argument appears to have enough merit to warrant further review.

I deal with at least 500-600 CP2000's a year.

Thank you again. Do you know how long cp2000's typically take to be resolved? Whether the final due amount is $0 or the original asking amount. If the notice says I should hear from them within 60 days does that typically stand true?

 

[LdiJ]

Thank you again. Do you know how long cp2000's typically take to be resolved? Whether the final due amount is $0 or the original asking amount. If the notice says I should hear from them within 60 days does that typically stand true?

In the past it has typically stood true. However, with all of the cutbacks the IRS is experiencing right now I honestly have no guess as to whether or not it will hold true on an ongoing basis. Sometimes however, if they accept your argument, you never hear from them on the issue again.