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re: Received a CP-2000 notice from the IRS...
Posted on 9/23/12 at 8:58 am to DubPlate
Posted on 9/23/12 at 8:58 am to DubPlate
They must be out for blood right now. I have a turnstyle .25 candy business that made about 1800 last YEAR. I forgot to claim taxes one month, which was zero, because i don't run the route every month and they "assumed" that I owe them $1500 + $300(penalty) and $79 for interest. My business doesn't even make that in a year and they can see what i have claimed each month. Trying to do the right thing with a cash business and this is what i get. I can see why people don't report ALOT of business....
1
Posted on 9/23/12 at 7:32 pm to nEVERhappy
quote:
They must be out for blood right now. I have a turnstyle .25 candy business that made about 1800 last YEAR. I forgot to claim taxes one month, which was zero, because i don't run the route every month and they "assumed" that I owe them $1500 + $300(penalty) and $79 for interest. My business doesn't even make that in a year and they can see what i have claimed each month. Trying to do the right thing with a cash business and this is what i get. I can see why people don't report ALOT of business....
this sounds like monthly sales taxes not IRS or income taxes.
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