CP2000: Notice of Proposed Adjustment for Underpayment/Underreporting
What It Is:
The CP2000 notice is issued by the IRS when the income, payment, or deduction information the IRS has on file does not match the information you reported on your tax return. This discrepancy may lead to a proposed adjustment in your taxes, potentially resulting in additional tax owed, or sometimes a refund.
How Unbehagen Advisors Handles It:
Receiving a CP2000 notice can be concerning, but Unbehagen Advisors is equipped to handle it efficiently. We start by comparing the IRS data against your submitted tax return to identify the source of the discrepancy. If the proposed changes are incorrect, Unbehagen Advisors will gather supporting documents and communicate with the IRS to correct the record.
Our Strategy:
Unbehagen Advisors will carefully review the proposed adjustments and develop a strategy to address any inaccuracies. If the adjustments are valid, we will assist you in understanding the implications and help manage any additional tax liabilities. If the adjustments are not accurate, we will prepare the necessary responses and documentation to challenge the IRS’s proposal effectively.
Communication:
Throughout the process, Unbehagen Advisors maintains transparent and consistent communication with you. We ensure that you are fully aware of all developments and understand the steps we are taking on your behalf. This approach keeps you informed and confident in the handling of your tax issues.
Error Verification:
Given that CP2000 notices can sometimes be triggered by IRS system errors or misreported data, Unbehagen Advisors pays close attention to verifying all information. We have the expertise to detect and resolve these discrepancies, safeguarding you from unwarranted tax liabilities.
Peace of Mind:
With Unbehagen Advisors, you gain a dedicated partner in managing complex IRS communications. We handle the details and disputes, ensuring that your tax situation is resolved with your best interests in mind. You can focus on your business, secure in the knowledge that your tax affairs are in capable hands.
For thorough, careful handling of a CP2000 notice and other tax matters, contact Unbehagen Advisors today.
