The IRS created a new CP53E notice ahead of the most recent tax filing season as part of their transition from paper checks to electronic payments and deposits. These notices ask taxpayers to add or update bank account information ahead of receiving refunds, however, confusion has arisen where taxpayers who were not due a refund were also sent notices.
The AICPA has sent a letter to the IRS requesting that the IRS provide additional guidance and clarity in their letters.
To learn more, take a look at the following article from the Journal of Accountancy, AICPA recommends improvements to CP53E notice process.
The AICPA has sent a letter to the IRS requesting that the IRS provide additional guidance and clarity in their letters.
To learn more, take a look at the following article from the Journal of Accountancy, AICPA recommends improvements to CP53E notice process.
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