If I receive a CP2000 letter, is that considered an audit?
Yes, we consider it an audit. A CP2000 letter is a letter sent by the IRS with the letter numbers “CP2000” at the top. A CP2000 letter is sent when the IRS computers detect that you didn’t account for all the W-2, 1099, and K-1 forms that the IRS knows about from companies that paid you money. Failure to account for all this income on your tax return is the number one cause for an audit. A CP2000 audit is computer-driven. You are given 30-days to send back a response to the IRS otherwise, they will charge the extra tax the computer calculates. We can assist you with a CP2000 audit.