This simply indicates that the IRS has adjusted your tax refund, which may increase or decrease your tax liability. Receiving a CP22A is due to any incorrect information, income not reported, mathematical errors, or changes made by the IRS during the processing of your tax returns.
IRS notice CP22A is an official letter sent by the IRS as a confirmation of changes to your tax return. In some circumstances, the IRS sends this notice when you have asked for changes, and in other cases, this notice is received after the IRS has made updates to your return.
The notice simply give details which changes were made to your tax return and how much you owe as a result of those changes. Usually, CP22A notices deal with changes to your filing status or number of dependents.
For instance, if you claimed a dependent that the IRS believes you were not at liberty to claim, you may receive a CP22A notice.
You receive this notice after the IRS has made the changes to your return that you have requested. The notice will explain what changes were made to your return and what you now owe as a result of said changes.
If you did not request to have any changes made to your return, you can contact the IRS directly via phone. Ensure to have the letter and your return easily reachable as they will be needed to answer any questions. If you make up your mind to appeal the changes, you have 60 days to do so.
If the letter is accurate and you actually requested those changes, just adjust your copy of the return accordingly to reveal the correct return the IRS has on file. You will then send any payment due because of the requested changes.
If you need to make further changes that were not enclosed in the CP22A, you will need to submit a 1040X, Amended Individual Income Tax Return.
The Notice CP22A informs you of changes to your return apparently on grounds of information you provided but often, you haven’t provided them anything & this is your first notice. Be cautious about what you say and send to the IRS. These will be used against you later.
The Notice CP22A is characteristically used for changes in filing status or dependency exemptions. On the other hand, notice CP22I informs you of changes to your IRA taxes. In addition to the Notice CP22A, you will also receive a Publication 5219 which barely explains a Penalty Abatement Request.
If you wish to dispute this through the IRS administrative agency you have 60 days to file an Appeal. This is a low-cost but a very slow process. You also have the option of paying the amount & filing a claim of refund.
If your issue is not difficult, then an IRS Appeal would likely be perfect. But, if the issues are fact demanding or complex, filing a claim for refund may be better because the US District Court or Court of Claims will have authority with inherent equitable powers to defend you from the IRS.
But, it’s clear that the IRS has assessed the tax against you. Therefore, even if you dispute it, the IRS will still request payment. So, follow Steps to get a payment agreement until the mistake on your file can be overturned.
If you don’t agree with the CP22A, you can get in touch with the IRS directly over the phone. Ensure to have the letter and your tax return with you so you can answer any questions. You also have the right to appeal. Bear in mind that you must start the appeals process within 60 days.
If the letter is correct, you should revise your personal tax record sequentially. That ensures you have a correct copy of the finalized return that has been submitted to the IRS. Then, you should send payment to the IRS by the due date given on the letter.
Even if you are not buoyant enough to pay the bill, you should get in touch with the IRS by the due date. Failure to contact the agency will lead to a late penalty.
However, if you inform the IRS in time, you can prevent the penalty and set up a payment plan. Interest will accrue on the balance as you make payments. If you don’t have enough money to make a payment plan with the IRS you can also consider other types of settlements that are available.
If the IRS notice CP22A doesn’t cover all of the changes you made on your return, you can make further changes. Simply, file Form 1040X, Amended Individual Income Tax Return.
If you want assistance appealing an IRS CP22A notice, request a free consultation. That puts you in contact with highly regarded tax professionals who can help you appeal tax debt, set up payment plans, apply for penalty reduction, and so on.
After receiving the notice of tax owed, you may be asked to make a payment. If you can make the full payment, that should close the issue. It may still be an excellent idea to go through your tax attorney before making the payment or following up on any other outstanding tax issues.
Failure to make the tax payment assessed may lead to interest and tax penalties.
If you concur with the changes and the amount of taxes owed but cannot make a full payment, you may be able to make plans for a payment plan. Payment plan options may include:
On the other hand, your tax attorney may be able to negotiate an Offer in Compromise. An offer in compromise is a settlement agreement with the IRS to ease your tax payment. This may give opportunity to a taxpayer to settle their tax liability by paying less than the total amount of total tax debt.
If you did not provide any changes to the IRS or do not agree with the changes made, there may have been an error or someone else could have provided changes for you. Get in touch with your tax attorney to challenge any wrong evaluation and ensure to prevent any penalties or liens or levies made for unpaid taxes.
There may be further changes to be made on the tax year. Typically, to make changes to a filed tax return needs filing a Form 1040X, Amended U.S. Individual Income Tax Return. Contact your tax professional or trustworthy tax attorney about any changes to your tax return and how it may affect your tax liability.
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