Archive: February 10, 2016

Guide to the CP22A IRS Notice, Data Processing Adjustment Notice

Much like CP-11, CP22A is a notice notifying the recipient that they owe a debt to the IRS. This notice is mailed out to individuals when the IRS makes an update to the U.S. Tax Return and the changes result in them owing at least $5 to the IRS. The CP22A IRS Notice will list the corrections that were made that made you owe a Tax Debt, and it will ask for full repayment of the new debt. This article will explain what actions you should take to prevent or remove Tax Debt problems when you receive Notice CP22A from the Internal Revenue Service in the mail.

But What if I Was Sure to File on Time?
It may not seem fair to receive IRS Notice CP-22A, which declares you owe the IRS, when you took care as a taxpayer and filed your taxes when they were due. Nevertheless, you may have made an error the IRS had to adjust, resulting in you owing the IRS the money claimed in CP22A. The IRS can also make errors in this respect, so if you think you genuinely shouldn’t owe the amount of debt the IRS claims, seek out a tax debt specialist to prove your point and have the IRS tax debt owed reduced or removed.

When Am I Required to Pay My Tax Debt?
The IRS is looking for you to submit your payment for the cash you owe them as soon as possible. You should Employ an IRS debt specialist to work your case if you have no way to pay back the Tax Debt or do not know what to do at this point. It’s of utmost importance to work with a tax specialist or IRS tax debt resolution company if you feel you do not owe the IRS anything.

What Does the IRS want me to do?
The IRS is looking for you to pay the debt due that’s reported within the CP 22A. The IRS Notice will come with a payment envelope so you can repay the amount owed to them. You could attempt to contact the IRS from here if you cannot afford to pay, but they’ll expect you to repay your tax debt in full. It’s incredibly important to act quickly when you owe the IRS. You need to decide as soon as possible if you will hire professional support or submit payment to the IRS because the IRS will make your life misery if you don’t make up your mind fast.

What Will Happen if I Disregard Notice CP22A from the Internal Revenue Service?
If you ignore the CP22A, the IRS will then place a Tax Lien. This grants the IRS a legal claim to your possessions and security for payment of your tax debt. You won’t be able to sell your house or automobile, and none of your valuable property will be 100% protected from IRS seizure as long as you are in debt to them. Furthermore, if a Tax Lien is enforced, you can’t do anything involving credit. Your finances will be devastated. If you want to prevent a tax lien, you have to act immediately and pay the IRS or hire tax help right when you receive the IRS document.

Get Rid of CP 22A Issues
The unique situation with those who receive the CP 22A IRS Notice is that they typically did not anticipate that they would owe money to the IRS. Typically, no money was put aside to satisfy the Tax Debt. You may not have the money to pay the debt outlined in Notice CP 22A from the Internal Revenue Service. An IRS Tax Debt Relief Company can help you by getting you into an IRS payment plan, an IRS Settlement agreement, a temporary reprieve from collection efforts (Currently Non Collectible (CNC) Status), or even locating a loophole that eliminates tax debt on the whole. It’s worthwhile to contact an expert for a short consultation to see if you qualify for any of those resolutions.

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