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IRS Notice CP2057 Return Error

The IRS uses Notice CP2057 to inform you that they have information not included on your return, and they may want you to file an Amended Return- Form 1040X.

 

On the 2nd or 3rd page of the notice, the IRS should list the items not included on the return. That way when you amend the return, ALL items will be listed. Because you likely will be filing an amended return, this is an opportunity to include any previously missed deductions or credits. This is a good time to contact the IRS and obtain the Wage and Income Transcripts.

 

You need to review the items listed on the Notice CP 2057 to determine if the items listed as missing are missed from the return. CP 2057’s are often wrong, and the items are listed on the return. Sometimes the description of items is different enough to be picked up in the matching process.

 

The CP 2057 is not a bill and nor an audit. It is a proposed adjustment due to missing items based on third-party documents supplied to the IRS.   Sometimes the information provided to the IRS is in error.

 

IRS may require an Amended Return- Form 1040X.

 

 

 

 

 

 

 

 

 

 

IRS Notice CP2057 Return Error

The IRS uses Notice CP2057 to inform you that they have information not included on your return, and they may want you to file an Amended Return- Form 1040X.

On the 2nd or 3rd page of the notice, the IRS should list the items not included on the return. That way when you amend the return, ALL items will be listed. Because you likely will be filing an amended return, this is an opportunity to include any previously missed deductions or credits. This is a good time to contact the IRS and obtain the Wage and Income Transcripts.

You need to review the items listed on the Notice CP 2057 to determine if the items listed as missing are missed from the return. CP 2057’s are often wrong, and the items are listed on the return. Sometimes the description of items is different enough to be picked up in the matching process.

The CP 2057 is not a bill and nor an audit. It is a proposed adjustment due to missing items based on third-party documents supplied to the IRS.   Sometimes the information provided to the IRS is in error.

The IRS could still audit you as a result of your response.

Be extremely careful in how you respond.  The information supplied can either make matters better or extremely worse.  You are providing information that a Compliance Officer will review.  That person’s job is to verify that the information supplied resolves the outstanding issues listed on the CP 2057.  The Compliance Officer can easily make an audit referral if he or she believes the information creates more concerns than it explains.

Warning- filing an amended return starts new limitations for audits, collections, bankruptcy, etc. So carefully weigh your options!

 

Know Up To 1 Year In Advance You Missed Income On Your Return, With Audit Alarm Real-Time Monitoring

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

What is my first step?

If you received a letter or notice, a decision has to be made.  Do you feel confident to handle this situation on your own?  If it is a simple issue and you already know the answer, call or write them. If the problem is more complicated, you need to hire a Certified Tax Resolution Specialist. The IRS or State will take full advantage of your lack of knowledge and experience.

What is Your Next Step?

The next step is to determine if the notice was sent in error.  Do you have an outstanding tax liability?  Do you have unfiled or incomplete returns?

Is There a Time Limit?

Yes, each letter or notice from the IRS or State will indicate a date you MUST contact them.  If you need more time, call the number on the notice or letter and request an extension.  Please DO NOT ALLOW the time to expire without contacting them or hiring a representative to contact them for you.

What You Don’t Want to Do!

What you don’t want to do is nothing.  Your tax problems will only get worse if you ignore them.  If you cannot pay, there are several potential solutions available to those otherwise in compliance.  In compliance means having all tax returns filed and any balances paid or on a payment plan.  If you have outstanding debts or unfiled returns, you need to hire a Certified Tax Resolution Specialist.

Get Some Help

If you don’t know how to address the issue(s), have unfiled return/unpaid balances or just done feel confident, let the experts at Legacy Tax & Resolution Services represent you.  Work with our team of Certified Tax Resolution Specialists to resolve your issue(s) quickly.  Best of all, you don’t have to talk to the IRS or State; we can speak on your behalf.

 

 

Download our Special Report “ I Just Received an IRS Notice, What Do I Need To Know?”

In it you will find next steps, dos and don’t and information about your options

 

 

 

 

 

 

 

 

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Stop the stress and resolve your problems!

 

Call 800-829-7483 for a FREE Consultation

 

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Also See

Can I Go To Jail For Owing Taxes?

Why Shouldn’t  I Just Use my Own CPA or Attorney to Help Me With This Tax Problem?

What is an Offer in Compromise in a nutshell?

I have Let This Get Out of Control.  How Soon Could You Start Working On My Behalf?

How are you compensated?

Several Tax Resolution Companies have called Me! Why Should I Hire Legacy Tax % Resolution Services?

Do I Need Local Tax Representation?

How Do I Know If My Situation Qualifies to Have my Tax Bill Reduced?

How Long Does the IRS Have to Collect Back Taxes From Me?

I Have a Deadline With the IRS (or State) Right Around the Corner.  Is It Too Late for Legacy Tax & Resolution Services to Help?

 

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