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Understanding your CP 23 Notice

What the CP 23 notice is about

So you got an IRS CP 23 notice and are wondering what it’s all about. We’re here to tell you everything.

You received an IRS CP 23 notice because your return was changed due to a discrepancy noticed by the IRS between the amount of estimated tax payment on your tax return and the amount posted on your account.

Now that you know what an IRS CP 23 notice is and why you have received one, the next thing to do is to read the notice carefully, verifying all your estimated tax returns and comparing all the payments on the notice to your records. Pay the balance due by the date written on the notice if you agree with the notice, or establish a payment plan if you can’t pay the full amount at once.


What if I don’t agree with the notice?

If the notice you got doesn’t sit right with you, you could either;

  1. Contact the IRS through mail, attach a copy of the notice along with your correspondence and wait for about 30-60 days for a response.
  2. Contact the IRS through Telephone: This is the fastest way to receive a response from the IRS. Call the IRS using the toll-free number shown on the top right of your CP 23 notice, and make sure you have correspondence and information to support your claim.


Who receives the IRS CP 23 Notice?

The answer to this question is based on people’s payment allocation. It could either be taxpayers:

1.That pay quarterly dues.

2. That have multiple sources.

3. That pay an estimated sum along with their extension.


Do you pay interest on the amount owed?

Yes, you do if you do not pay up before the due date. Therefore, to avoid paying interest, pay the full amount you owe before the due date listed on the payment coupon.


What happens if I do not pay the amount in full?

A late payment penalty will be issued if you are unable to pay the full amount by the due date. A penalty abatement could be considered for you if evidence can be provided to support your claim regarding an unforeseen situation you couldn’t handle.

A tax professional is better equipped to help you understand these things. Call us now at 888-585-8629 to schedule a consultation.


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Internet subscribers, users, and online readers are advised not to act upon this information without seeking the service of a professional accountant. Any U.S. federal tax advice contained in this website is not intended to be used for the purpose of avoiding penalties, of any kind, under U.S. federal tax laws.