Have you recently received a CP3219A notice from the IRS, and are you wondering what this IRS notice of deficiency is all about? Don’t worry, you only need to read the essential information given below to clear your concerns :)
What is this notice about?
This notice is sent when third-party information received by the IRS is very different from what you reported on your tax return. This discrepancy, which could range from a slight to major increase or decrease in your tax, can make things uncomfortable.
This notice generally explains how the IRS adjustment amount was calculated, what to do if you agree or disagree with the facts stated, and how you might be able to challenge it in the U.S Tax Courts if you choose the latter option.
Once you receive such a notice, you should decide what to do with the help of your accountant, as he or she can best guide you through the specifications of various tax outcomes.
Make sure you thoroughly prepare to deal with a CP3219A IRS notice with the help of a professional accountant.
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