Receiving an IRS notice in the mail can be stressful, but most notices can be handled easily if you understand what they are asking for. Every letter has a "Notice Number" in the top or bottom right corner (e.g., CP2000 or LTR 3219).
The "Matching" Notice (CP2000)
This is the most common notice. It means the information reported on your tax return does not match the information the IRS received from third parties (like your bank or employer). It is **not** an audit, but it is a proposal to change your tax.
The "Balance Due" Notice (CP501)
This is a simple reminder that you have an unpaid balance. Ignoring these is what leads to liens and levies. The sooner we address a CP501, the more options we have for resolution.
The "Final Notice" (LT11)
If you see a notice that says "Intent to Levy," this is a critical document. You usually have 30 days to request a hearing to stop the IRS from seizing assets. Do not wait if you receive this.