Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

This is a question for a tax attorney in the U.S., or a CPA.

Customer Question
I received a notice CP2000...
This is a question for a tax attorney in the U.S., or a CPA. I received a notice CP2000 from the IRS, stating that I owed taxes on disbursements from a 529 college plan and other income. I engaged a licensed CPA to review this, and she has prepared an amended tax return for that year. I provided her documentation around the 529 disbursements (plan statements and receipts showing all qualified expenses), as well as documents around the other income.I requested extra time from the IRS and they sent me a letter back approving of the extension. In their letter, they ask for a response by 11/29. They say "Please send your signed consent or explanation by 11/29."My CPA says filing the amended return is sufficient. Do I also have to send a letter to the IRS explaining, or simply send the amended return? Do I need to send it via certified mail? Thank you.
Submitted: 7 months ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 16 hours by:
11/25/2017
Tax Professional: Barbara, Enrolled Agent replied 7 months ago
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 6,393
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
Verified

Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

The amended return should suffice because of the explanation in Part III on Form 1040X, but if you want to include a short note with Form 1040X, that is your choice. Also include a copy of the CP2000 with the amended return.

ALWAYS use certified mail, return receipt requested, when mailing ANYTHING to the IRS. This will provide proof that you mailed in a timely manner.

Please let me know if I can assist you further.

Thank you and best regards,

Barb

Ask Your Own Tax Question
Tax Professional: Barbara, Enrolled Agent replied 7 months ago

.

Ask Your Own Tax Question
Tax Professional: Barbara, Enrolled Agent replied 7 months ago

Just following up with you to see if you have any other questions. If so, please let me know so I can continue to assist you.

Ask Your Own Tax Question
Customer reply replied 7 months ago
Hello Barbara, thank you for the assistance. I will mail the amended return tomorrow (11/27). It is due 11/29, so I will send as fast as possible.The notice I got from the IRS specified a specific individual "Office of G Kilkenny." Should I fax the explanation and a short note indicating an amended return has been filed and postmarked?Thank you
Tax Professional: Barbara, Enrolled Agent replied 7 months ago

Better yet if you have a fax number. No need to mail. Keep your proof of fax transmission.

Include a short note to G. Kilkenny stating that you are attaching a copy of your amended return as well as the CP2000.

Please take a moment to rate my answer since that is the only way I receive credit for answering you.

Thank you.

Ask Your Own Tax Question
Customer reply replied 7 months ago
Thank you. My CPA indicated that amended returns cannot be filed electronically (paper ONLY). Is a fax an exception to this?
Tax Professional: Barbara, Enrolled Agent replied 7 months ago

Faxing is not the same as electronically filing.

Ask Your Own Tax Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a tax professionalLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Barbara Your Own Question
Barbara
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 6,393
6,393 Satisfied Customers
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.

Barbara is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Related Tax Questions
I've got CP2000 form from the IRS and due date for response
Hi, I've got CP2000 form from the IRS and due date for response is May 9th, unfortunately (in 2 days). I need a consultation on what's wrong. … read more
Barbara
Barbara
Enrolled Agent
6,393 satisfied customers
I received a CP2000 notice from the IRS and paid the amount
I received a CP2000 notice from the IRS and paid the amount due. However, it was incorrect. Can I still file a 1040x or am I out of luck since I already signed and paid the CP2000?… read more
Carter McBride
Carter McBride
LLM
1,189 satisfied customers
If you are a non resident of NY but work in NY can you
If you are a non resident of NY but work in NY can you deduct contributions to a NYS sponsered 529 plan on the non resident NYS return? Please send some documentation to support your answer. Thanks.… read more
Lev
Lev
Retired
Bachelor\u0027s Degree Equivalent
27,127 satisfied customers
I received a CP2000 from the IRS stating that I did not
I received a CP2000 from the IRS stating that I did not claim $43,000 in retirement income. I actually claimed the amount, but entered it on Line 7 instead of Line 16b by mistake. Will the IRS accept … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,328 satisfied customers
I got a CP2000 in March and paid online utilizing IRS direct
HelloI got a CP2000 in March and paid online utilizing IRS direct pay. I did NOT mail in the consent/no consent form that I got with the CP2000. I checked IRS online and my payment is there.On June 9 … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
47 satisfied customers
I was told by a financial institution I am working with that
I was told by a financial institution I am working with that the tax transcripts they pulled up from the IRS indicate that my 2015 tax return is not on file. … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
We got a CP2000 and one of the items was about discrepancy
Hi Richard, we got a CP2000 and one of the items was about discrepancy on 1098T. Apparently, I had claimed Educational Credit but now realize that the amount on 1098T (BOX 2) was for the billed amount… read more
Richard
Richard
Tax Attorney
Doctoral Degree
4,512 satisfied customers
I got a CP2000 from the IRS. It had three issues. Two I
Hi I got a CP2000 from the IRS. It had three issues. Two I agree with, but one I do not. … read more
socrateaser
socrateaser
1,452 satisfied customers
Attempting to do a streamline filing 's not filed, is there
Attempting to do a streamline filing for fbar's not filed, is there a specific form that needs to be completed. Total assets are under $45k. After filing with the IRS a rejection letter came back stat… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
47 satisfied customers
I received a certified letter from the IRS and cannot pick
I received a certified letter from the IRS and cannot pick it up until tomorrow. My husband and I have been through an extremely rough time, lost our house etc. he is self employed and we file an exte… read more
Tax.appeal.168
Tax.appeal.168
Principal
13 satisfied customers
I lost the CP2000, but have the payment stub of the form.
I lost the CP2000, but have the payment stub of the form. Can I just send that in without the signed CP2000?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
47 satisfied customers
Hello, I have a question on amended tax returns. I had a
Hello, I have a question on amended tax returns. I had a bunch of stock sales in 2012 for a total value of about 14000 dollars for a gain of about 900 dollars. But my brokerage has reported these with… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
To Shane: Here is a tax question in which the IRS CP2000 issued
To Shane: Here is a tax question in which the IRS CP2000 issued a computer-generated mismatch notice (concerning two 1099-B Gross Sales showing sales amounts but no cost amounts) followed by a rescind… read more
Lev
Lev
Retired
Bachelor\u0027s Degree Equivalent
27,127 satisfied customers
OUR C CORP. YEAR END IS 3/31. THIS YEAR WE APPLIED FOR A S
OUR C CORP. YEAR END IS 3/31. THIS YEAR WE APPLIED FOR A S CORP ELECTION AND RECIEVED APPROVAL ON 7/30/12 FROM THE IRS. WE NOW WANT TO REFUSE THAT STATUS AND MAINTAIN OUR C CORP DESIGNATION WITH OUR Y… read more
Shane-CPA
Shane-CPA
CPA, PFS, CGMA
1 satisfied customers
I filed 2010 form 1040 childcare and form w2 indicates that
I filed 2010 form 1040 childcare and form w2 indicates that 5000 was withheld from my salary. However, I only claimed 3000 on form 2441 and left out 2000 for second child care service. Received IRS no… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
I received a notice that I owe the irs $4,408 for the 2010
I received a notice that I owe the irs $4,408 for the 2010 tax year. That's impossible! We have never owed anything close to that. For example, on the information that was sent to me, it has we receiv… read more
socrateaser
socrateaser
1,452 satisfied customers
I received IRS Notice CP2000 for year 2007. Taxpayer (my mother)
I received IRS Notice CP2000 for year 2007. Taxpayer (my mother) died December 7 2008. Estate is in Probate. No Letters of Administration have been issued. 2 co-executors named in Will. How do I respo… read more
Anne
Anne
Master Tax Preparer
2,345 satisfied customers
I have been having lots of trouble with my 2003 Tax Return.
I have been having lots of trouble with my 2003 Tax Return. I am currently enrolled in a Payment Plan for this Tax Year. The IRS ammended my Return in 2005 to add a 'Cancellation of Debt' from a home … read more
David Schneider
David Schneider
Tax Accountant
Self disciplined college classes
74 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x