NOTICE CP230

IRS Notice CP230 is a notice that the Internal Revenue Service (IRS) sends to taxpayers to inform them that they have made an adjustment to their tax account. This adjustment is usually made because the IRS has information that is different from what the taxpayer reported on their tax return. For example, the IRS may have received information from the taxpayer’s employer or bank that shows that they earned more income than they reported on their return.

There are a few reasons why you might receive an IRS Notice CP230. Some of the most common reasons include:

• Your employer or bank reported different information to the IRS than what you reported on your tax return. This could be due to a simple error, such as a typo in your Social Security number. Or, it could be due to a more serious issue, such as fraud.
• You failed to report all of your income on your tax return. This could include income from a part-time job, self-employment, or investments.
• You claimed deductions or credits that you were not eligible for. For example, you may have claimed the Earned Income Tax Credit but you did not meet all of the eligibility requirements.
• You made a mathematical error on your tax return. This could be a simple error, such as adding two numbers incorrectly. Or, it could be a more complex error, such as using the wrong tax table.

• If you receive an IRS Notice CP230, the first thing you should do is read it carefully. The notice will explain the adjustment that the IRS has made to your account and why they made it. If you agree with the adjustment, you should pay the amount that you owe by the date on the notice. You can pay online, by mail, or by phone.
• If you disagree with the adjustment, you have 30 days from the date of the notice to contact the IRS. You can call the number listed on the notice or write a letter to the IRS. In your letter, you should explain why you disagree with the adjustment and provide any documentation that supports your claim.
• If you are unable to pay the full amount that you owe, you can contact the IRS to set up a payment plan. The IRS is usually willing to work with taxpayers to help them pay their tax debts.

• Make sure to report all of your income on your tax return. This includes income from all sources, such as your job, self-employment, and investments.
• Only claim deductions and credits that you are eligible for. Be sure to keep good records to support your claims.
• Proofread your tax return carefully before you file it. Make sure that there are no errors in your calculations or in the information that you report.
• If you are unsure about anything, contact a tax professional for help.