• CP80 Form Received re 2020 taxes, and Re-Sending Of: What Is It, Please

    From Robert11@21:1/5 to All on Tue Jan 25 13:58:52 2022
    Hello,

    I just received a CP80 form for my 2020 taxes saying that I have a credit, but that I must send them a newly signed copy with copies of any documents sent with the original back in March 2020. Sure looks official

    Huh ?

    My reading of this is that they have lost my original Return, but if they have, how do they know I have a credit from it ? So it must be something else ?

    Could someone please explain what they are asking, and why, from the form where it says:
    What you Need To Do Immediately-
    If you have already filed this return-
    Please send a newly signed copy to the address above. Be sure
    to attach copies of all schedules...

    Much thanks, appreciate the help,
    Bob

    --
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  • From ira smilovitz@21:1/5 to All on Tue Jan 25 16:04:23 2022
    On Tuesday, January 25, 2022 at 2:03:48 PM UTC-5, Robert11 wrote:
    Hello,

    I just received a CP80 form for my 2020 taxes saying that I have a credit, but that I must send them a newly signed copy with copies of any documents sent with the original back in March 2020. Sure looks official

    Huh ?

    My reading of this is that they have lost my original Return, but if they have, how do they know I have a credit from it ? So it must be something else ?

    Could someone please explain what they are asking, and why, from the form where it says:
    What you Need To Do Immediately-
    If you have already filed this return-
    Please send a newly signed copy to the address above. Be sure
    to attach copies of all schedules...

    Much thanks, appreciate the help,
    Bob

    --

    A CP80 Notice is issued when you have a credit balance on your tax account (proably withheld tax or estimated payments), not a credit shown on the return, but the IRS hasn't been able to calculate the tax to apply the credit against. Usually this means
    the IRS hasn't received your tax return, but since the COVID crisis began, it could also mean that the return is stuck in processing somewhere.

    Since you mailed the return in March 2020, just as the COVID shutdowns began, it's possible that it got lost in the initial backlog of unopened mail when the IRS campuses closed. The solution is to do as the letter suggests, send a freshly signed copy of
    the return with all attachements to the address provided.

    Ira Smilovitz, EA
    Leonia, NJ

    --
    << ------------------------------------------------------- >>
    << The foregoing was not intended or written to be used, >>
    << nor can it used, for the purpose of avoiding penalties >>
    << that may be imposed upon the taxpayer. >>
    << >>
    << The Charter and the Guidelines for submitting posts >>
    << to this newsgroup as well as our anti-spamming policy >>
    << are at www.asktax.org. >>
    << Copyright (2011) - All rights reserved. >>
    << ------------------------------------------------------- >>

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From scott s.@21:1/5 to ira smilovitz on Wed Jan 26 16:08:14 2022
    ira smilovitz <ira.smilovitz@gmail.com> wrote in news:585b7c04-d08e-4b50-a286-66edcbe9a72dn@googlegroups.com:

    On Tuesday, January 25, 2022 at 2:03:48 PM UTC-5, Robert11 wrote:
    Hello,

    I just received a CP80 form for my 2020 taxes saying that I have a
    credit, but that I must send them a newly signed copy with copies
    of any documents sent with the original back in March 2020. Sure
    looks official

    Huh ?

    My reading of this is that they have lost my original Return, but
    if they have, how do they know I have a credit from it ? So it must
    be something else ?

    Could someone please explain what they are asking, and why, from
    the form where it says: What you Need To Do Immediately-
    If you have already filed this return-
    Please send a newly signed copy to the address above. Be sure
    to attach copies of all schedules...

    Much thanks, appreciate the help,
    Bob

    --

    A CP80 Notice is issued when you have a credit balance on your tax
    account (proably withheld tax or estimated payments), not a credit
    shown on the return, but the IRS hasn't been able to calculate the
    tax to apply the credit against. Usually this means the IRS hasn't
    received your tax return, but since the COVID crisis began, it could
    also mean that the return is stuck in processing somewhere.

    Since you mailed the return in March 2020, just as the COVID
    shutdowns began, it's possible that it got lost in the initial
    backlog of unopened mail when the IRS campuses closed. The solution
    is to do as the letter suggests, send a freshly signed copy of the
    return with all attachements to the address provided.

    Ira Smilovitz, EA
    Leonia, NJ


    My Dad (I handle his stuff) got one this week too. The credit reflected
    the check that was mailed with the paper return. Isn't this week the
    start of 2021 tax return processing? If so, I suspect IRS hit the
    button on their software which closed out 2020 so any returns still left auto-generated these CP80 letters.

    scott s.
    ..

    --
    << ------------------------------------------------------- >>
    << The foregoing was not intended or written to be used, >>
    << nor can it used, for the purpose of avoiding penalties >>
    << that may be imposed upon the taxpayer. >>
    << >>
    << The Charter and the Guidelines for submitting posts >>
    << to this newsgroup as well as our anti-spamming policy >>
    << are at www.asktax.org. >>
    << Copyright (2011) - All rights reserved. >>
    << ------------------------------------------------------- >>

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)