NOTICE CP10

An IRS Notice CP10 is a notice that the IRS sends to taxpayers when it has made a change to their tax return that affects the amount of tax that was applied to the next year’s estimated tax payments. This can happen if the IRS discovers a miscalculation on the taxpayer’s tax return, or if the taxpayer’s circumstances have changed since they filed their return and they no longer qualify to have their tax applied to their estimated tax payments.

• Miscalculation on your tax return: The IRS may have discovered a miscalculation on your tax return that affects the amount of tax that was applied to your estimated tax payments. This could be due to a math error, a typo, or a misinterpretation of the tax law.
• Change in circumstances: Your circumstances may have changed since you filed your tax return, and you may no longer qualify to have your tax applied to your estimated tax payments. For example, if you received a tax refund, you may no longer be eligible to have your tax applied to your estimated tax payments.

• If you receive an IRS Notice CP10, you should carefully review the notice to understand why the IRS made the change to your tax return. If you agree with the change, you should take the necessary steps to comply with the notice. For example, if the notice says that you need to pay additional tax, you should pay the tax by the due date on the notice.
• If you disagree with the change to your tax return, you should contact the IRS to discuss the issue. You can contact the IRS by phone or by mail. If you contact the IRS by phone, you should have your tax return and the IRS Notice CP10 available.

• The best way to avoid receiving an IRS Notice CP10 is to file an accurate tax return. You should carefully review your tax return before you file it to make sure that there are no errors. You may also want to have your tax return prepared by a tax professional.
• If you are unsure about whether or not you qualify to have your tax applied to your estimated tax payments, you should contact the IRS. The IRS can help you understand the rules and determine whether or not you are eligible.