Knowledgeable & Personable Counsel

Deciphering IRS Notice CP16

 July 30, 2024

Receiving a letter from the IRS can be intimidating, especially when it’s a CP16 notice. But fear not—Lamarre Law Group, P.A. is here to help you understand and navigate this process.

What is a CP16 Notice?

A CP16 notice is a letter sent by the IRS when they have made changes to your income, deductions, and credits on your tax return. This usually happens when the IRS believes there’s a miscalculation on your tax return. As a result of these changes, you owe money on unpaid taxes.

What Should You Do If You Receive a CP16 Notice?

1. Read your notice carefully. It contains detailed information about the adjustments made to your tax return.
2. Pay the amount you owe by the due date on the notice.
3. If you can’t pay the full amount you owe, contact the Lamarre Law Group, P.A., to negotiate payment arrangements with the IRS.
4. Correct the copy of your tax return that you kept for your records.
5. If you don’t agree with the changes, contact the IRS within 60 days from the date of your notice.
   

What Happens Next?

If you agree with the changes and pay the amount owed, the IRS considers the case closed. If you disagree with the changes, the IRS will review your case and provide further instructions.

Need More Help?

Deciphering IRS notices can be complex. If you need assistance with a CP16 notice or any other tax-related issues, Lamarre Law Group, P.A. is here to help. Our team of expert tax attorneys can guide you through the process and ensure you’re taking the right steps.

Contact us today via our online contact form or give us a call at (833) Lamarre. We’re committed to providing you with the best legal advice and helping you navigate your tax issues with ease.

Disclaimer: This blog post is for informational purposes only and should not be taken as legal advice. For specific advice related to your situation, please consult with a tax professional.