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What Is a CP05 Letter from the IRS and What Should I Do?A notice (or letter) is considered much less serious than an audit - and in many cases is designed to protect the taxpayer. The goal of the notice is to simply inform you that the IRS is making ...
An audit occurs when the IRS chooses to review a taxpayer’s accounts and financial information to ensure the taxpayer reported all required income and followed all tax laws. The IRS typically audits ...
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