We are all familiar with IRS CP 2000 notices but did you ever wonder what the “CP” stands for? We recently had a message board post asking this question, and the answer is: “Computer Paragraph.”
There are numerous CP forms generated by the IRS to send to taxpayers for a variety of purposes, including:
- Requesting payment;
- Giving instructions;
- Providing information;
- Requesting information; or
- Proposing penalties or assessments.
There are also CP notices that the IRS uses for internal purposes only.