In This Article

  1. What Are the Most Common IRS Notices NJ Taxpayers Receive?
  2. Step 1: Read Carefully
  3. Step 2: Contact Your CPA First
  4. Step 3: Respond by the Deadline
  5. When Is an IRS Notice Truly Serious?
  6. Key Takeaway
  7. Ready to File With Confidence?

Most IRS notices are routine correspondence rather than audit notices. CP2000 concerns a reported-income mismatch, CP14 states a balance, and CP504 or CP90/LT11 signals collection or levy action. Monaco CPA may consider support for an ordinary non-examination correspondence notice only under a separately accepted written engagement; it does not offer audit, examination, appeals, levy, or collection representation.

Getting a letter from the IRS triggers anxiety, but most notices are routine.

What Are the Most Common IRS Notices NJ Taxpayers Receive?

CP2000 (income discrepancy), CP14 (balance owed), CP504 (intent to levy, urgent), CP90/LT11 (final notice before levy, very urgent).

Step 1: Read Carefully

Note the deadline and specific items in question.

Step 2: Contact Your CPA First

Before responding, identify whether the letter is ordinary correspondence, an examination, or a collection notice. Monaco CPA may review or draft an ordinary non-examination response only under a separately accepted written engagement; examinations and collections require an independent specialist.

Step 3: Respond by the Deadline

Missing it limits your options. Request an extension if needed.

When Is an IRS Notice Truly Serious?

CP504, CP90, and LT11 concern enforced collection or levy rights. Contact independent tax-controversy counsel or another qualified practitioner whose written scope covers collections immediately; Monaco CPA does not provide collection or levy representation.

Key Takeaway

Every IRS letter requires prompt classification and deadline control. Monaco CPA may consider ordinary non-examination correspondence support only under a separately accepted written engagement. Audit, examination, appeals, CP504, CP90/LT11, levy, and collection matters should go to independent tax-controversy counsel or a qualified practitioner whose written scope covers them.

Related reading: What to Do If Your NJ Business Gets Audited | IRS Audit Red Flags | Tax preparation services

Frequently Asked Questions

What is a CP2000 notice?

A CP2000 is an IRS notice indicating that income reported on your return does not match information the IRS received from third parties (W-2s, 1099s, K-1s). It is not an audit notice. The IRS proposes additional tax based on the discrepancy and gives you 30 days to respond. Common causes include unreported 1099 income, incorrect amounts, or income reported under a different name or SSN.

How long do I have to respond to an IRS notice?

Most IRS notices give you 30 days to respond, though some (like CP504 intent to levy) may allow less time. CP90/LT11 final notices before levy are extremely urgent and require immediate action. Never ignore an IRS notice. Responding by the deadline preserves your appeal rights and prevents the IRS from assessing additional tax by default.

Should I call the IRS or respond in writing?

For an ordinary non-examination notice, Monaco CPA may prepare a response only if a separate written engagement accepts that scope. For an examination, appeal, levy, or collection notice, use independent tax-controversy counsel or another authorized specialist.

What is a CP504 notice and is it serious?

A CP504 is a notice of intent to levy, meaning the IRS intends to seize your assets (bank accounts, wages, or other property) to satisfy an unpaid tax balance. It is very serious and requires immediate attention. You typically have 30 days to pay the balance, set up a payment plan, or dispute the amount. Do not ignore a CP504; the consequences of inaction include bank levies and wage garnishments.

Scope and Referral

Monaco CPA may consider ordinary non-examination correspondence notice support only under a separately accepted written engagement. It does not offer audit, examination, appeals, collection, or levy representation.

For CP504, CP90, LT11, or any enforced-collection matter, contact independent tax-controversy counsel or another qualified practitioner immediately.