Any comments on a recent CP-2000 would be appreciated.
Client receives CP-2000 wanting $5,700 in tax and $1,000 penalty for under reported income. Upon review, it's determined they owe the tax do to an error of mine. They send a check for the tax plus interest, and a letter requesting abatement of the penalty. The abatement letter is detailed and a little convoluted. Client next receives a CP-2005 titled "Closing Notice", saying, "...we were able to clear up the differences between your records and your payers' records. If you sent us a payment based on our proposed changes, we will refund it to you..." A refund was forthcoming. For the sake of argument, assume I was correct in the final assessment of "they owe the tax". IRS says Case closed. What next?
>
>
>
>
>
>
>
>
>