NOTICE CP60

A Notice CP60 is sent by the Internal Revenue Service (IRS) to notify a taxpayer that a payment was erroneously applied to their account. This means that the IRS made a mistake and accidentally credited the taxpayer’s account with a payment that they did not make. The IRS has now discovered the error and has removed the payment from the taxpayer’s account, leaving them with a balance due.

There are a few reasons why you may receive a Notice CP60:

• The IRS may have mistakenly applied a payment from another taxpayer to your account.
• The IRS may have mistakenly applied a credit from another taxpayer to your account.
• The IRS may have mistakenly reversed a penalty or interest charge that was previously applied to your account.

• If you receive a Notice CP60, it is important to review the notice carefully to understand why you received it. The notice will include the date and amount of the payment that was removed from your account, as well as your current balance due.
• If you agree with the IRS’s findings, you should pay the balance due as soon as possible. You can pay online, by mail, or by phone. If you are unable to pay the full amount in full, you may be able to set up an installment agreement with the IRS.
• If you disagree with the IRS’s findings, you can contact the IRS to dispute the notice. You may need to provide documentation to support your claim, such as a copy of your bank statement or a copy of the check or money order that you used to make the payment.

There are a few things you can do to avoid receiving a Notice CP60:

• Make sure to pay your taxes on time and in full.
• If you are making a payment to the IRS by mail, be sure to include your tax ID number and the tax year that the payment is for.
• If you are making a payment to the IRS online, be sure to enter all of the required information correctly.
• If you are making a payment to the IRS over the phone, be sure to have your tax ID number and the tax year that the payment is for ready.