Anthony back in July I received a CP2000 asking for 23k. Panicked, I saw your video, sent off a reply and today the IRS agreed and reduced it down to $500. THANK YOU! This video saved me 22.5k.
Thank you so much for this detailed and clear explanation. I had this exact problem and using your video filed a clear and coherent response. It was extra helpful to know it could take them 5 months to respond!
Great video! I will say the IRS has stepped their game up and some exchanges i.e. Cryptocurrency Brokerages are now reporting the cost basis. I just received my third CP 2000 letter in 5 years for 2021 saying I owe over 21K. How to proceed?..
TO reiterate: Why does Pershing show taxable dividends as 37, qualified dividends as 33, but what confuses me is what is (and why is) schedule D/capital gains on the next page at 106!? Thanks so much!
Hey I was filing my taxes for one job and it say I was getting return back but when I put my other job information in it’s saying $8808 due when I don’t owe the irs anything could it be my job didn’t report my income to the irs yet?
I would not recommend amending. There is no need to amend issues that are already addressed on the CP2000. You might run into issue with eh amended return being processed.
Let’s say you get the cp2000, and on the “Shown on return “ it says 0, and then “Reported by others” and “Difference” it shows the same price. Would that be something that you can help with?
GREAT QUESTION! Do not wait, file an amended return asap to fix the error. Don't forget to file an amended state return as well (if you live in a state with income taxes)
Hi Anthony. Is there a way to get the penalties off completely? And there are additional transactions on my 1099 that were not listed on CP2000. Can i send them entire 1099 form?
This is a loaded question. If you would like a free 15 min consultation I can try my best to answer in 15 min. calendly.com/anthony-eataxresolutions/cp2000-consultation
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
Anthony back in July I received a CP2000 asking for 23k. Panicked, I saw your video, sent off a reply and today the IRS agreed and reduced it down to $500. THANK YOU! This video saved me 22.5k.
Awesome! So glad this helped!
Thank you so much for this detailed and clear explanation. I had this exact problem and using your video filed a clear and coherent response. It was extra helpful to know it could take them 5 months to respond!
Awesome! Glad I could help.
Thank you Anthony informative.
My pleasure!
Thanks for sharing, very educational
Good job Anthony !
Thank you!
Great video! I will say the IRS has stepped their game up and some exchanges i.e. Cryptocurrency Brokerages are now reporting the cost basis. I just received my third CP 2000 letter in 5 years for 2021 saying I owe over 21K. How to proceed?..
Be sure to check out this video has everything you need to know.
IRS CP2000 Notice for Dummies
ruclips.net/video/FFYhVmBBhqk/видео.html
TO reiterate: Why does Pershing show taxable dividends as 37, qualified dividends as 33, but what confuses me is what is (and why is) schedule D/capital gains on the next page at 106!? Thanks so much!
Capital gain are sales of stock, whereas dividends are payouts of profits.
Hey I was filing my taxes for one job and it say I was getting return back but when I put my other job information in it’s saying $8808 due when I don’t owe the irs anything could it be my job didn’t report my income to the irs yet?
I brought my CP2000 to my tax guy with exact same scenario. He made an amended tax return and had me mail that out. Was this done correctly?
I would not recommend amending. There is no need to amend issues that are already addressed on the CP2000. You might run into issue with eh amended return being processed.
Let’s say you get the cp2000, and on the “Shown on return “ it says 0, and then “Reported by others” and “Difference” it shows the same price. Would that be something that you can help with?
Do you provide paid services? I have a capital gain issue that need to be resolved.
calendly.com/anthony-eataxresolutions/tax-meeting?month=2022-07
How do you explain cash app on a do 2000
I also forgot to report stock profits for last year’s taxes but haven’t received anything from IRS yet. Do i want to wait until I get the IRS letter?
GREAT QUESTION! Do not wait, file an amended return asap to fix the error. Don't forget to file an amended state return as well (if you live in a state with income taxes)
Don't wait, they may try to add a penalty to what you owe and interest gets added on.
Hi Anthony. Is there a way to get the penalties off completely?
And there are additional transactions on my 1099 that were not listed on CP2000. Can i send them entire 1099 form?
This is a loaded question. If you would like a free 15 min consultation I can try my best to answer in 15 min. calendly.com/anthony-eataxresolutions/cp2000-consultation
I have issues with the IRS right now. Do you offer free consultation?
Unfortunately I do not offer free consultations.
Hey what is the process to reach out to you ?
800-245-0596
eataxresolutions.com
calendly.com/anthony-eataxresolutions/tax-meeting?month=2023-01