NOTICE CP11

NOTICE CP11 is an official document sent by the Internal Revenue Service (IRS) to taxpayers who have made a mistake on their tax return. The IRS may send you a NOTICE CP11 if you:

• Made a math error on your tax return
• Claimed a credit or deduction that you were not eligible for
• Omitted income from your tax return
• Claimed the wrong amount of income tax or estimated tax payments

If you receive a NOTICE CP11, it is important to read it carefully and follow the instructions. The notice will explain the mistake that the IRS made on your tax return and how much money you owe. You will also have the opportunity to dispute the IRS’s findings or request a payment plan.

Here are some of the most common reasons why taxpayers receive a NOTICE CP11:

• Math errors: Math errors are the most common type of mistake that taxpayers make on their tax returns. These errors can be as simple as a typo or as complex as a miscalculation of a credit or deduction.
• Incorrectly claimed credits and deductions: Taxpayers who claim credits and deductions that they are not eligible for may receive a NOTICE CP11. For example, a taxpayer who claims the Earned Income Tax Credit (EITC) but does not meet the eligibility requirements may receive a notice.
• Omitted income: Taxpayers who omit income from their tax returns may receive a NOTICE CP11. This can happen accidentally, such as forgetting to report a 1099 form, or intentionally, such as trying to hide income from the IRS.
• Incorrectly claimed income tax or estimated tax payments: Taxpayers who claim the wrong amount of income tax or estimated tax payments may receive a NOTICE CP11. This can happen if the taxpayer overestimates their income or deductions, or if they fail to make estimated tax payments throughout the year.

If you receive a NOTICE CP11, it is important to read it carefully and follow the instructions. The notice will explain the mistake that the IRS made on your tax return and how much money you owe. You will also have the opportunity to dispute the IRS’s findings or request a payment plan.

If you agree with the IRS’s findings, you can pay the amount owed by the date on the notice. You can make a payment online, by mail, or by phone. If you cannot pay the full amount owed by the date on the notice, you can request a payment plan from the IRS.

If you disagree with the IRS’s findings, you can dispute the notice. You must do this within 60 days of receiving the notice. You can dispute the notice by mail or online. If you dispute the notice, the IRS will review your case and make a decision.