IRS Sends Erroneous Notices to Natural Disaster-Affected Taxpayers
In a not-so-surprising turn of events, the IRS has created further confusion among taxpayers affected by natural disasters. Despite being eligible for delayed tax return filing and payment deadlines, many individuals are receiving erroneous CP14 balance due notices, claiming that payments are due and that interest and penalties will be charged if the taxpayer doesn’t pay up months earlier than IRS guidance permits. While the IRS apologized for the confusion, the problem has extended beyond California, impacting taxpayers in several other states. Let's delve deeper into the matter and explore what steps the IRS is taking to rectify the situation. The...