When a tax return’s information doesn’t match data reported (such as W2’s, 1099’s, 1098’s) to the IRS by employers, banks, investment broker and other third parties, the IRS will send a letter / notice to the taxpayer. The letter is called an IRS Notice CP 2000, and it gives detailed breakdown information about issues the IRS identified and provides steps taxpayers should take to resolve those issues.
The taxpayer must address these issues timely, failure to do so will result in an assessment of additional taxes, interest and penalties. It’s almost like a “grey-area” correspondence audit.
Get professional help with CP 2000 issues at 877-788-2937.