Unreported Income Notices En Route

Taxpayers who have not filed an amended Ohio Individual Income Tax Return after resolving a CP2000 audit with the IRS should be on the lookout for a CP2000 income tax billing notice. The Ohio Department of Taxation (ODT) began mailing notices for tax years 2015-2018 on September 3.

The CP2000 audit – or unreported income program – shows adjustments to Form 1040, while the billing notice details the types and amounts of unreported income identified by the IRS and the total amount of additional tax due and interest owed to ODT.

It’s important to respond to these notices promptly to avoid an assessment, collection action and/or additional charges. If you agree with the total amount owed, you do not need to file an amended return, and can pay online, by phone or through the mail. If you disagree, you must obtain a Tax Account Transcript from the IRS and send it along with a copy of the CP2000 billing notice to ODT’s Compliance Division electronically, by mail or eFax.

For details, questions or help with these billing notices, contact your tax professional at Schneider Downs.