The most commonplace IRS letter is called a CP2000 Notice, which results when there is a discrepancy between the information the IRS has received on your income and what you reported on your tax return.
These notices can look very intimidating when you get one. This video goes over what each section of the notice is telling you and your options for responding.
To Learn more about retirement income in general, click here: [ Ссылка ]
To learn more about Earned Income Credit, click here: [ Ссылка ]
For some hints as to how "Monica" might respond to the notice, click here: [ Ссылка ]
To see how Monica actually responded to the notice, click here: [ Ссылка ]
Resources and additional information:
[ Ссылка ] is a good place to start for more details.
IRS Publication 5181: "Tax Return Reviews by Mail": [ Ссылка ]
IRS Publication 1: "Your Rights as a TaxPayer": [ Ссылка ]
The Tax Geek on Twitter: @taxgeekusa
The Tax Geek on Reddit: www.reddit.com/r/askataxgeek
Image Credits:
"Monica" and her family pictures were generated by the website www.thispersondoesnotexist.com and any resemblance between these images and any persons, living or dead, is purely coincidental and not intentional.
Wikimedia Commons. (CC-SA 3.0)
Retro Computing Society of Rhode Island
Intro Music: "Bluesy Vibes" - Doug Maxwell - YouTube Audio Library
Background and Outro Music: George Street Shuffle, Kevin McLeod, [ Ссылка ] via YouTube Audio Library
DISCLAIMER: This video is for educational and informational purposes only. It is not intended to render tax advice or investment advice for individual situations. If you have questions regarding your particular situation, please consult with a qualified tax or investment professional.
The tax information in this video is based on tax law and IRS regulations in place when this video was published, and is subject to the whims of Congress.
