Like Pavlov’s dogs, we all habitually collect the mail each day. Ah, but what if you get a notice letter from the IRS contesting the math on your tax return?
Ask most people what they fear and an IRS audit is usually somewhere on the list. The stories of audit misery are well known and nobody wants to go through an audit. While an IRS audit can be a nightmare, a majority of them are paper notice audits that are not too bad. Essentially, the IRS sends you a letter contesting something on your tax returns.
With a “correspondence audit”, you are usually given pretty clear indications of the problem. One audit the IRS sends out all the time is the CP-12, known as the math error notice. If this is the notice you receive, fall to your knees and thank whatever deity you pray to. The CP-12 notice is not just a notice of a math error. It is notice of an error that you made which resulted in you paying too much money. Yes, the IRS actually sends these out. More details please visit:-https://junyuanbags.com/ https://telegram24.marketing/ https://pirateflaggear.com/ https://telegram24.marketing/
When you receive a CP-12 notice, you need to figure out what the IRS is up to. The notice usually tells you the problem. The IRS, in fact, will automatically make the necessary changes to your tax return. It will also automatically kick out a tax refund to you, but you have to wait for six to eight weeks for it to show up.
Upon receipt of the CP-12, the IRS does not require you to do anything. That being said, you should take some steps. First, you should evaluate whether the IRS is giving you all the money it should. Second, you should make note of the change on your returns so you remember when it is time to file taxes in future years.