Financial Information
IRS audit CP2000 is that normal thing to receive in the mail?
Question : IRS audit CP2000 is that normal thing to receive in the mail?
I received a letter CP2000 from IRS, claiming that the mortgage interest were more than the amount the lender reported to IRS. I have two mortgages and I’m co-borrower for second mortgage which I paid mortgage interest in that year but that amount were not reported under my name since I’m a co-borrower. should I just send them the two mortgages Form-1098? Also, do I send them a letter via certified mail?
irs audit letter
Best answer:
Answer by v b
CP2000 is standard.
When you did your tax return, the co-borrow money was to go on a different line of the schedule A. If you put it on line 10, there was supposed to be a 1098 with your SSN on it. Otherwise you use line 11 and attach a statement.
Respond with the facts and a copy of the other 1098. Use the fax number in the upper right hand corner of the letter.
What V B has posted.
Just to add one quick note on the second mortgage – make sure the second mortgage has not been deducted by the primary borrower on the account.
Yes if you are responding, send certified mail with return receipt.