Wednesday, November 18, 2026 · Question 7 of 19
No — and that's the first thing to know. A CP2000 means the IRS's computers found income that doesn't match your return: a W-2, a 1099, stock sales. It's a proposal, not a bill — and it's wrong all the time. Sold stock? The IRS often assumes your cost was zero. You have about 30 days from the date on the notice to agree, partly agree, or disagree with proof. The mistake is paying it without checking. Verify every line before you sign anything — and if you disagree, say so in writing with your proof attached. Don't ignore it, and don't just pay it.
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