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The CP22A Notice is issued by the IRS to inform taxpayers that adjustments have been made to their tax return, resulting in an additional balance due. These changes are typically made after the IRS reviews the return and finds discrepancies in reported income, deductions, or credits.
Key points in the CP22A Notice:
- Explanation of Changes: The notice will detail the changes made to the tax return, such as adjustments to income, disallowed deductions, or miscalculated credits. These changes typically result in a new balance owed by the taxpayer.
- Balance Due: The notice will specify the amount now due, including any penalties and interest that have accrued since the return was filed. Taxpayers must pay this balance by the deadline to avoid further penalties.
- Payment Options: The CP22A outlines several payment options, including paying online through the IRS payment portal, setting up a payment plan, or paying by mail. The notice encourages taxpayers to contact the IRS if they cannot pay the full amount immediately.
- Dispute Process: If the taxpayer disagrees with the changes, the notice provides instructions on how to dispute the adjustments by submitting additional documentation or requesting a review.
The CP22A Notice is important for taxpayers to review carefully and act on promptly, as it represents a formal notification of additional taxes owed due to changes in their return.