NOTICE CP72

Notice CP72 is a notice from the Internal Revenue Service (IRS) that asserts a “frivolous return” penalty against you. This means that the IRS believes that you filed a tax return that was frivolous, meaning that it was made in bad faith or was intended to delay or obstruct the administration of the tax laws.

The IRS can impose a frivolous return penalty of $5,000 for each frivolous return that you file. The penalty can be assessed even if you do not owe any taxes.

You may receive a Notice CP72 if you filed a tax return that:

• Does not include any income or deductions
• Contains false or inaccurate information
• Is based on frivolous arguments or tax positions
• Is filed for the sole purpose of delaying or obstructing the administration of the tax laws

If you receive a Notice CP72, you should respond immediately. You have 60 days to respond to the notice. In your response, you can either:

• Agree with the IRS’s assessment and pay the penalty
• Disagree with the IRS’s assessment and request a hearing

If you disagree with the IRS’s assessment, you should provide evidence to support your position. This evidence may include copies of tax documents, affidavits, or other supporting documentation.

The best way to avoid receiving a Notice CP72 is to file a complete and accurate tax return. You should carefully review your tax return before filing it to make sure that all of the information is correct. If you have any questions about your tax return, you should consult with a tax professional.

Here are some additional tips to avoid receiving a Notice CP72:

• Do not file a tax return that does not include any income or deductions.
• Do not include false or inaccurate information on your tax return.
• Do not file a tax return based on frivolous arguments or tax positions.
• Do not file a tax return for the sole purpose of delaying or obstructing the administration of the tax laws.