The IRS will change your routinely refund for many reasons, for example to correct a math error, to pay an existing tax debt or to pay a non-tax debt. If you make a math mistake on your return and the IRS catches it, you are mailed a letter advising you of the change, and it’s not considered a big deal.

What happens if you ignore a CP2000?

What happens if I ignore the CP2000 notice? Simple, the IRS will assess the additional tax, penalties, and interest and then proceed to enforce payment. Ignoring a CP2000 is never a good idea.

Why am I getting less money back on my taxes this year 2020?

In the latest tax year (2020-2021) tax refund amounts have been impacted by the several rounds of stimulus payments (adult and dependent) that were essentially refundable tax credits (recovery rebates). This would result in your tax refund being lower than expected.

What to do when the IRS proposes changes to your tax return?

It will explain the proposed changes to your return and your right to challenge the proposal in U.S. Tax Court. IRS.gov has information about ways to pay your tax, such as applying for a payment plan and what to do if you owe additional taxes.

What should I send to the IRS for an amended tax return?

Don’t send the original documents. If you need to use a larger envelope, send it to the address on the first page of the notice. If you fax the information, include your name, social security number and tax year on each page. Don’t file an amended return for the tax year shown on the notice.

What happens when you get a letter from the IRS?

If we accept your explanation, we’ll send you a letter confirming the issue is resolved. If your explanation and documentation resolve some, but not all, of the discrepancies, we’ll send you a revised CP2000 with a new proposed tax calculation. Review the revised notice to determine if you agree or disagree.

When does the IRS send you a CP2000 notice?

Hi, I’m Thomas, and I work for the IRS. When our records don’t match what you reported on your tax return, we’ll send you a letter proposing changes, usually a CP2000 notice. This doesn’t mean you’re being audited, but that there’s a discrepancy with your return that needs to be resolved.