Jul 232013
 
What to do if You Get a CP21B or CP21C Notice From the IRS

Whenever you get a notice from the IRS, the first thing to do is read it! And read it carefully. After doing so, if you agree with it, there is no action required for either of these notices. In either case, these notices indicate that you’ve requested changes to your tax return and the IRS has agreed to those changes. The difference in the two forms is whether or not you’ll be receiving a refund because of those changes. A CP21B is an indicator that you will receive a refund, and a CP21C shows that you will not receive a More…

Jul 152013
 
Have You Received a Notice From the IRS?

One of the scariest moments is going to the mailbox and finding a notice from the IRS. The worst thing to do is to throw it in a pile and ignore it, hoping it will go away. When you open it, you may find a notice in your favor. Perhaps you miscalculated your return and overpaid or if you asked for a change on your return they may have granted it. One the other hand, you may be receiving a notice that you’re up for an audit, or as they say, a notification of examination. Since 2001, the IRS has More…