Glossary

CP70 Notice

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The CP70 notice is sent by the IRS to inform taxpayers of potential issues or discrepancies found in their tax return that may affect their overall tax liability. This notice serves as a prompt for taxpayers to review their return for accuracy and completeness.

Key points about CP70:

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

Taxpayers receiving CP70 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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