IRS CP2000 Notice Explained — For Unreported 1099s, Crypto, Stocks, Etc. скачать в хорошем качестве

IRS CP2000 Notice Explained — For Unreported 1099s, Crypto, Stocks, Etc.

Call 866-8000-TAX or visit https://choicetaxrelief.com/free-tax-... to book your FREE tax relief consultation! If you've received the CP2000 Notice from the IRS in the mail, you might be wondering what it is and what to do about it. The CP2000 Notice is the IRS' Notice of Underreported Income. Learn more about the CP2000 Notice and what to do if you receive a CP2000 Notice from the IRS in this video! ⬇️ Free E-Book: 7 Secrets About Your Tax Debt the IRS Doesn't Want You to Know: https://choicetaxrelief.ac-page.com/s... Table of Contents: 0:00 It's Notice CP2000 Season! 1:21 What Is a CP2000 Notice and Why Does the IRS Send Notice CP2000? 3:00 Sample CP2000 Notice — Did Not Report Form 1099-NEC Income on Schedule C 3:57 Sample CP2000 Notice — Did Not Report Crypto Transactions Reported on Form 1099-B 4:41 A CP2000 Notice Is Not a Bill; It's an Opportunity! 5:46 Deductions for Unreported Form 1099-NEC Income 6:51 Basis in Crypto and Stock Transactions 8:06 IRS Notice CP2000 Proposed Amount Due 8:44 The Substantial Tax Understatement Penalty 9:45 Proposed Interest Amount 10:32 Should You Agree to the IRS' Proposed Assessment? 12:46 What Happens If You File an Amended Return in Response to a CP2000 Notice? 13:44 What Happens If You Don't Take Any Action in Response to the CP2000 Notice 14:55 IRS Tax Calculation 16:05 Explanation of Changes Section 16:12 What If the Income Isn't Yours? 17:15 What Happens If You Had Negative Taxable Income? 17:56 Changes to Child Tax Credit and Credit for Other Dependents 18:21 Self-Employment Tax Information 18:37 Changes to Earned Income Credit, Additional Child Tax Credit, and Premium Tax Credit 18:59 You Should Consider Filing an Amended State or Local Tax Return 20:28 Penalties Section 20:36 Interest Section 20:57 Additional Information 21:15 Is CP2000 an Audit? 22:30 Response Form 22:37 What You Should Do If You Received a CP2000 Notice 22:43 Step 1: Make Sure You Actually Earned the Income the IRS Says You Didn't 25:06 Step 2: For the Income You Did Earn, Hunt for Deductions 27:48 Step 3: Recalculate Your Tax Return As Though You Did It Correctly the First Time 28:34 Step 4: Figure Out What You Actually Owe the IRS 30:20 Step 5: Write and Submit Your Response to the IRS 30:33 CP2000 Response Letter Sample 34:43 What to Expect After You Submit Your CP2000 Response #tax #taxes #irs