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Receiving an IRS notice can be a source of concern, but with the right information and support, it can be managed effectively. This article delves into the details of IRS Notice CP215, explains its causes and outlines proper responses.
What Is IRS Notice CP215?
IRS Notice CP215, also known as the “Notice of Fiduciary Income Tax Due,” serves as a notification from the IRS about an outstanding tax balance. This notice alerts you to unpaid taxes on the income generated by an estate or trust.
Common Causes of IRS Notice CP215
Responding Strategically to IRS Notice CP215
Reasonable Cause
Reasonable Cause is a provision by the IRS that allows taxpayers to request the abatement (reduction or removal) of certain penalties that were assessed due to failure to comply with tax obligations, such as issues listed on CP215.
To qualify for penalty abatement under the Reasonable Cause criteria, the taxpayer needs to prove that their failure to meet the tax obligations was due to circumstances beyond their control and that they acted in a responsible manner under the circumstances. Common examples include:
Reach Out Today
Facing IRS Notice CP215 requires a proactive and informed approach. By understanding the potential causes, responding strategically, and enlisting the specialized services of Dimov Tax, you can navigate this process with confidence. Our team of experienced CPAs and EAs is here to ensure your compliance and ease your concerns during this challenging time. Contact us below to discuss how we can assist you in effectively addressing IRS Notice CP215.
Call us today at (833) 829-1120, email us at info@dimovtax.com, or fill out the form and we’ll get in touch immediately.
Dimov Tax is rated 5 stars on all major review platforms including Google, Yelp, Facebook, Angie’s List, Better Business Bureau, TaxBuzz, Thumbtack, Upwork, Bark, and much more.
Call us today at (866) 681-2140, email us at info@dimovtax.com, or fill out the form and we’ll get in touch immediately.
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