This Isn’t Your Mother’s ABC Soup

Remember how fun it was, as a child, to eat alphabet soup? The soup was delicious and there was something magical about spooning through all the letters to find words that we’d understand with our limited vocabulary. A lot has changed since those bygone days of our youth. Somewhere between bills, career, commuting, and raising a family, things have become much more complicated. For example, when the IRS dishes up ABC soup it’s more in the form of painful notices chocked-full of confusing acronyms. If an IRS envelope works its way into your mailbox, don’t panic. Jay Willis and The Willis Firm are here to help you deal with your IRS problem the right way.

If you receive a notice from the IRS, it’s important to realize that you are not alone. Every year, the IRS sends out millions of notices. Most of the time they are sent to make taxpayers aware of common filing mistakes that result in tax bill changes. Other notices are sent to request additional information about particular returns. Each notice is intended to define a specific issue and to provide a course of action needed to resolve the matter. It’s important that you give the notice immediate attention and take care of the problem right away.

Making Sense Out of IRS ABC Soup

Each IRS notice is defined by its CP (collection process) number located in the upper right corner of the first page of the correspondence. Each also has a large, bold title near the center of page one.

To help clarify, here is a list of the most common tax notices and why are they are issued:

 

CP number  –  Reason for Contact:

CP 12  –  Correction needed for a miscalculation on return.

CP 14  –  More money owed on unpaid taxes.

CP 49  –  Overpaid tax applied to other taxes owed.

CP-90C & CP-297C (sent simultaneously)  –  Final notice: notice of intent to levy and  notice of your right to a hearing.

CP-91 & CP-298 (sent simultaneously)  –  Final notice before levy on Social Security benefits.

CP 161  –  No math error, balance due.

CP 501  –  Reminder notice that a balance is due.

CP 504  –  Urgent notice regarding balance due, seizure of state income tax refund imminent.

CP 523  –  Notice of default on installment agreement and imminent seizure of assets.

CP 2000  –  Income and/or payment details on the return does not match IRS records.

 

For more information regarding the notices listed above, or if you’ve received a notice that isn’t listed above, you may check the special IRS.gov notices page for the document: http://www.irs.gov/Individuals/Understanding-Your-IRS-Notice-or-Letter.

You also have the option of calling the IRS directly at the number listed on your notice or at the agency’s toll-free help line at 800-829-1040. (Warning: it’s not uncommon to be placed on hold for extended periods of time when calling the IRS. We recommend checking their website first. If you aren’t able to get through, we can help.)

If this whole process is overwhelming, please call our office for a FREE consultation. We understand that this is a lot of information. Here at The Willis Firm, we’ve spent years studying the laws and representing taxpayers just like you. We will help you solve whatever IRS problems you are having.
Just because the IRS serves up ABC soup doesn’t mean you have to eat it. Call The Willis Firm today! 877-254-4254 or visit us online at: http://www.irsallstar.com/