IRS Notices & Penalties
Every IRS Notices & Penalties post from Okeyma Armstrong, newest first.
CP2000 Notice From the IRS: What It Means & What to Do
A CP2000 means IRS records show income your return didn't report. What triggers it, why it isn't an audit, the response deadline, and the three ways the letter can end.
· 6 min read
IRS Penalty Abatement: What It Is & Who Qualifies
Penalty abatement removes IRS penalties for late filing, late payment, or missed deposits. The three routes, including the new automatic exemption, and who qualifies for each.
· 5 min read
Missed the Tax Extension Deadline? What Happens Now
Missed October 15? The failure-to-file penalty runs 5% per month on any unpaid balance, capped at 25%. What to do first and when refunds are safe.
· 5 min read
How Much Does a Tax Preparer Cost? How to Compare Fees
Tax preparation fees depend on the work included. Compare written quotes, check credentials, and distinguish a return-preparation fee from a paid review.
· 6 min read