NOTICE CP23

IRS Notice CP23 is a notice that the IRS sends to taxpayers when there is a discrepancy between the amount of estimated tax payments that the taxpayer reported on their tax return and the amount that the IRS has posted to the taxpayer’s account. This discrepancy can result in a balance being due.

There are a few common reasons why a taxpayer might receive IRS Notice CP23:

• The taxpayer made an incorrect entry on the estimated tax line of their tax return.
• The taxpayer made an estimated tax payment, but the payment was not processed by the IRS by the due date.
• The taxpayer’s bank account did not have enough money to cover an estimated tax payment.
• The taxpayer’s estimated tax payment was rejected by their bank.
• The taxpayer’s estimated tax payment was sent to the wrong address.

If you receive IRS Notice CP23, you should review the notice carefully and compare it to your tax records. If you agree with the amount due, you should pay it as soon as possible. You can pay online, by mail, or by phone.

If you disagree with the amount due, or if you have any questions about the notice, you should contact the IRS at the phone number on the notice. You can also contact a tax professional for help.

To avoid receiving IRS Notice CP23 in the future, you should make sure to accurately report your estimated tax payments on your tax return. You should also make sure that your estimated tax payments are made on time and in the correct amount.

Here are some tips for avoiding IRS Notice CP23:

• Keep accurate records of your estimated tax payments.
• Make your estimated tax payments on time.
• Make sure that your estimated tax payments are in the correct amount.
• If you are unsure about how to calculate your estimated tax payments, contact a tax professional.