IRS CP2000 notice - Response

EA Tax Resolutions Website: eataxresolutions.com/?...
EA Tax Resolutions Phone Number: 800-245-0596
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🤵 IRS CP2000 Consultation: www.eataxresolutions.com/form...
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This case is a little complicated, and I learned a lot from this. First and foremost, I learned that if you want to address an issue that is not included on the IRS Proposed amount due notice, you will need an amended return. We disagree with some changes and agree with others.
Issues involved in this case.
- Securities sales (very common)
- Retirement distributions (with some we agree, and other we don’t)
- Interest income (was already reported as dividend income originally)
- There were errors on original return that was not addressed in the IRS Proposed amount due notice, so we filed an amended return
- Retirement Distribution was originally reported as taxable, and it wasn’t
- Claimed too much in mortgage interest due to the limitation
Looking to learn about how to respond to the IRS Proposed amount due notice, this video can teach a lot!
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🤵If you are looking for professional tax help with your tax use the link below to schedule an appointment for us to go over your specific case: calendly.com/anthony-eataxres...
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🔴 IRS CP 2000 - Response Example - Stocks: • IRS CP 2000 Notice - R...
🔴IRS Notice - Proposed Amount Due - Issues to Lower Amount: • IRS Notice - Proposed ...
🔴Playlist - IRS Proposed Amount Due - CP2000 • IRS Proposed Amount Du...
00:00 Intro - Case Summary
00:55 Original CP 2000 IRS Letter
02:42 Response to CP 2000 IRS Letter & Docs used
07:36 My error on the original response
7:53 IRS first response
9:28 Lesson learned - Amended tax return
10:49 Final IRS Response
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).
#IRS #cp2000 #taxhelp

[@eataxresolutions]

If you are looking to schedule an appointment to go over your case, please use the link below.
www.eataxresolutions.com/form-irs-cp2000-consultation

[@jschaeferceo]

Do you have a direct contact number? I'm seeking services

[@luispaz4477]

Hey friend... Thanks for the video ... I just got the letter on the mail

[@deathward990]

I had received same CP2000 notice back in June. Responded in August. Got a letter today saying they need additional time to view my responses.

[@jamesdewer]

I live in SF and many of the items listed on the CP2000 2020 are not even my accounts. I provided substantiation that they have the wrong information. They came back at me requesting even more detailed.

[@itsMatthu]

7 months before it got fixed dear lord.

[@lhiruscreations]

If I put the income amount for a 1099 on the wrong place now I’m being charge 8000 how do I fix that?

[@mars3676]

i got one for the American Education Tax Credit. Do i just send them proof that i attend school ? or do i need numbers behind it.

[@eataxresolutions]

Free 15 min consultation: calendly.com/anthony-eataxresolutions/cp2000-consultation

[@andrewcarmine4891]

So on your CP2000 form where it says "Shown on return" and "Reported by others" it looked like the "Shown on return" tied to your cost basis and the "Reported by others" tied to your proceeds. So were they essentially saying that what you showed on your return was your cost basis as your proceeds (and therefore reporting you don't need to pay taxes on those transactions)?

[@eataxresolutions]

No, they are taking the difference of the basis and the proceeds on the CP2000

[@mopbotsworkshop5477]

I tapped your link and got a “link not valid” message. ☹️

[@eataxresolutions]

hmm it should work... calendly.com/anthony-eataxresolutions/cp2000-consultation