CP11 Notice: Changes to 1040, Math Error
Receiving a letter from the IRS can be an intimidating experience for many taxpayers. One of the most common notices sent by the Internal Revenue Service is the CP11 Notice. If you’ve recently received this letter, fear not!
In this blog post, we will demystify the CP11 Notice, explaining its purpose, what it means for you, and the necessary steps to resolve any issues.
What is a CP11 Notice?
The CP11 Notice is an official communication from the IRS informing taxpayers about changes made to their tax return. It typically indicates that there were discrepancies or errors identified during the processing of your return, resulting in an adjustment to the amount of tax owed or the refund due. The notice is sent to the address provided on your tax return, so it’s crucial to promptly review its contents.
Understanding the Contents
When you receive a CP11 Notice, carefully read through its contents to comprehend the changes made by the IRS. The notice typically includes:
- Explanation of Changes: The IRS will outline the adjustments made to your tax return, indicating the specific areas where discrepancies or errors were found.
- Tax Liability: The notice will state what changes were made and specify the additional amount owed, including any penalties and interest accrued.
- Refund Adjustment: If the changes result in a decreased refund amount or no refund at all, the notice will provide details regarding the revised refund and the reasons for the adjustment.
- Payment Options: The CP11 Notice will include instructions on how to make a payment if you owe additional taxes. The IRS provides various payment methods to ensure convenience and ease of settling your tax liability.
Responding to a CP11 Notice
It’s essential to take immediate action upon receiving a CP11 Notice to avoid further complications. Here are the necessary steps to follow:
- Review the Notice: Thoroughly examine the notice, comparing it with your original tax return. Identify the areas where adjustments were made and try to understand the reasoning behind the changes.
- Gather Documentation: Collect all relevant documentation, including receipts, statements, and supporting documents for the disputed items on your tax return. Having this information readily available will help you during the resolution process.
- Respond within the Deadline: The CP11 Notice specifies a deadline for responding. Ensure that you adhere to this deadline. Failing to respond within 60 days may result in further penalties and interest.
- Contact the IRS: If you disagree with the adjustments made, contact the IRS using the contact information provided in the notice. You can also call the phone number mentioned on the CP11 Notice to discuss the changes and provide any necessary documentation to support your case.
If you agree with the CP11 Notice, then you will need to make the payments that you owe to the IRS. You can use the IRS payment tool to make the payment or set-up a payment plan if you can’t afford the entire balance immediately.
When to Get Help
The IRS does make errors when issuing CP11 notices. Knowing what documentation to provide or how to most effectively communicate with the IRS isn’t always clear. If you’re looking to dispute your CP11 notice, it’s best to get help from a tax professional.
IRS Shield provides protection from the IRS at a fraction of the cost of hiring a CPA. Our team of tax professionals will help you respond to CP11 notices and even work with the IRS to get your discrepancy resolved. Become a member today to get protection from the IRS.