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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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. >>
<< ------------------------------------------------------- >>

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ira smilovitz <[email protected]> wrote in news:[email protected]:

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)