Why Did I Receive A Notice CP2000 Or 2501?
The IRS' Automated Underreporter computer program will flag your tax return when it senses a mismatch between your filed tax return and information returns filed under your Social Security Number. Your return will then be categorized based on the potential for the IRS to successfully assert additional tax and penalty. If your tax return is selected for further action, the IRS' computer will automatically generate a Notice CP2000 or 2501. This notice will propose that you owe additional tax and perhaps a penalty.
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