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The CP02 notice is issued by the IRS to inform taxpayers of important changes to their tax account status. This may include updates on refunds, changes in balances due, or corrections made to previous filings.
Key points about CP02:
- The notice details the specific changes made and how they affect the taxpayer’s account.
- It may provide information on additional actions required by the taxpayer, such as making payments or submitting further documentation.
- Taxpayers are encouraged to review the notice carefully and take any necessary steps to address the changes.
Receiving CP02 helps taxpayers stay informed about their tax situation and ensure compliance with IRS requirements.