Glossary

CP48 Notice

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The CP48 notice is sent by the IRS to alert taxpayers of potential issues found in their tax return that could lead to a balance due. This notice serves as a prompt for taxpayers to review their return for accuracy and completeness.

Key points about CP48:

The notice outlines specific areas of concern or discrepancies identified by the IRS.
Taxpayers are encouraged to make necessary corrections to their return to avoid penalties or increased tax liability.
The notice may include deadlines for addressing the identified issues.

Taxpayers receiving CP48 should act quickly to review their return and address any concerns to minimize the risk of incurring additional taxes or penalties.

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