EA Tax Resolutions Website: https://www.eataxresolutions.com/
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IRS CP2000 Consultation: https://www.eataxresolutions.com/form...

Taxpayer got an IRS Proposed amount due letter, CP 2000, for not reporting income in the correct place of the tax return.

Since the Taxpayer has a business, he thought to put all his income under the business. However, this was incorrect.

He reported his wages and royalty income under the business. Since the CP2000 is an automated letter and the income was not reported on the correct lines of the return, the IRS proposed an amount due.

We go over the original IRS Proposed amount due letter, our response, and finally the $0 balance due inquiry closed letter we received from the IRS.



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00:00 Intro
00:26 Case Background
01:39 IRS Proposed Amount Due notice CP2000
02:44 My Response to the IRS Proposed Amount Due notice CP2000
04:38 IRS $0 Balance Due Inquiry closed notice

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

#IRS #ProposedAmountDue #CP2000