$47,000 demanded. $8,000 owed. $0 in penalties.
A small business owner came to us 25 days after a CP2000 landed. Nearly too late. Here is what changed the number.
The Situation
CP2000 notice alleging $47,000 in unreported income. 25 days already gone from the response window.
The Problem
He believed it was a final bill and was about to pay all of it. He had documentation disproving most of it, but didn't know how to present it.
What We Did
Classified the notice correctly (proposed, not final). Drafted the response. Limited the scope. Applied First Time Abatement to the penalty.
The Result
Actual liability of $8,000. Zero penalties. The clock stopped, the letters stopped, and the issue is behind him.
The difference between panic and a plan was $39,000. The training walks through exactly how this works.