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IRS Notices with Interest Calculation Error – IRS to send out special mailings
The IRS recently announced it send a number of Form CP2000s out to taxpayers with interest rate calculation errors on them. Please be aware of the problem. Noted here is a copy of a recent interest error calculation announcement made by the IRS. If you recently received a form CP2000 from the IRS please be aware an adjusted, higher interest amount may be owed. The IRS alerted taxpayers and tax professionals about an interest calculation error on certain notices mailed the weeks of July 1 and July 8. The IRS discovered errors in the CP2000 notices during a two-week period