NEW IRS CP3219A Notice Explained: What You Need to Do

Received an IRS Notice CP3219A? This is a Notice of Deficiency, sometimes called a statutory notice of deficiency, and it means the IRS believes you owe additional tax based on information that doesn’t match what was reported on your tax return. In this video, Logan Allec, CPA and founder of Choice Tax Relief, walks through the new version of IRS Notice CP3219A section by section and explains what it actually means, why the IRS sends it, and what you should do after receiving one. We cover: What IRS Notice CP3219A means Why a CP2000 often comes before a CP3219A Why a CP3219A is not yet a tax bill What the IRS believes was missing or incorrectly reported How to review the income reported to the IRS by third parties Why stock or cryptocurrency cost basis can dramatically affect the proposed tax Why business expenses may reduce unreported 1099 income What Form 5564, Notice of Deficiency Waiver, does When you should—and should not—agree to the IRS changes Your U.S. Tax Court rights The importance of the deadline shown on your notice How you may be able to continue disputing the proposed assessment with the IRS Penalties that may appear on the notice How Choice Tax Relief handles CP3219A cases for clients Do not automatically sign Form 5564 just because you recognize the income the IRS says was omitted. The IRS's calculation may not account for deductions, business expenses, stock or crypto basis, or other information that could substantially reduce the amount you actually owe. If you've received IRS Notice CP3219A, Choice Tax Relief offers a free consultation to discuss your situation. 📞 Call 866-8000-TAX (866-800-0829) 📅 Book a free consultation: https://choicetaxrelief.com/free-tax-... #IRS #CP3219A #IRSNotice #NoticeOfDeficiency #TaxDebt #TaxRelief #BackTaxes #IRSHelp #TaxProblems #ChoiceTaxRelief