NOTICE CP88

IRS Notice CP88 is a notice that the IRS is holding your tax refund because you have not filed one or more tax returns. The notice will tell you which tax years are missing and how much you owe in taxes for those years.

There are a few reasons why you may have received IRS Notice CP88:

• You forgot to file your tax return for one or more years.
• Your tax return was rejected by the IRS.
• You owe taxes for one or more years.
• You have a tax debt that has not been paid.

The first thing you should do is read the notice carefully and understand what it is asking you to do. Then, you should take the following steps:

1. File your tax return as soon as possible.
2. Pay any taxes that you owe.
3. Contact the IRS if you have any questions or need help filing your tax return.

If you do not file your tax return or pay your taxes by the deadline, the IRS may file a return for you and estimate your tax liability. This could result in a higher tax bill and penalties.

• The best way to avoid receiving IRS Notice CP88 in the future is to file your tax return on time and pay your taxes in full. If you are unable to file your tax return on time, you can request an extension. If you are unable to pay your taxes in full, you can contact the IRS to set up a payment plan.

• Keep good records of your income and expenses throughout the year.
• Hire a tax professional to help you prepare your tax return if you are unsure of how to do it yourself.
• File your tax return electronically to avoid any delays in processing.
• Pay your taxes on time or set up a payment plan if you are unable to pay in full.