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    federal tax due

    taxlady11
    Level 1

    If interest was left off a return and $7 is due in tax.

    Would the IRS send a notice for the $7?

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    5 Comments 5
    BobKamman
    Level 15

    Not unless you filed an amended return.  But we can start the discussion of, "What's the lowest amount you have seen as a tax assessment from a CP2000?"  I remember one a few years ago for $400.  Or maybe it was $500.  

    taxlady11
    Level 1

    My Client just found the 1099 int but I already printed it.  Should i add it and reprint? Was wondering what's the lowest amount you've seen on a tax notice?  It is a waste of paper

    for the IRS and me.

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    Just-Lisa-Now-
    Level 15
    Level 15
    I have a client that recently got a CP2057 saying "we think you need to file an amended return for 2019".

    He forgot a W2 for $900 wages, so it makes less than $200 difference on the return....why not just a CP2000? Will they not bother chasing down this money unless he files a 1040X?

    Oddly enough the CP2057 doesnt show the withholding on the W2, just the income.....it was a SUB benefit for unemployment through the union, they always take withholding from those....so it would be even less of a balance due.

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    IRonMaN
    Level 15

    I wouldn't waste my time with something that small.  CAGMC. 


    Slava Ukraini!
    BobKamman
    Level 15

    That's like the warning letters they used to send (maybe still do) that say "we noticed you claimed as a dependent someone who was also claimed on another return."  They didn't want to make an adjustment and get involved in a fight between former spouses.  It doesn't cost much to send a slap on the wrist and a reminder not to do it again next time.  If they got an amended return from it, so much the better.