Okay, I understand. Let’s break down the “CP58 Notice” into an easy-to-understand glossary article.
What is a CP58 Notice and Why Did I Receive One?
A CP58 Notice is a letter from the IRS notifying you about a potential issue with your tax return where they have found income that was not reported, or was reported incorrectly. This notice is not a bill, but is a heads up that the IRS is proposing to make changes to your tax return. It outlines the changes the IRS plans to make and gives you a chance to respond.
