What is a CP2000?

What is a CP2000?

Assessment

Flashcard

Business

Professional Development

Hard

Created by

Rashawna Anderson

FREE Resource

Student preview

quiz-placeholder

21 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What does the name "CP2000" refer to?

Back

A notice code assigned by the IRS for underreported income

2.

FLASHCARD QUESTION

Front

What is the term highlighted under the Delta Indicator?

Back

CP2000 Adjustment (FTI)

3.

FLASHCARD QUESTION

Front

What is the CP2000 used for by the LDR’s Taxpayer Compliance – Income division?

Back

As a source of federal tax information to determine if a taxpayer has failed to report all income for a taxable period.

4.

FLASHCARD QUESTION

Front

Where does the CP2000 information originate from? The IRS may use several sources that include: mortgage companies, banks and employers. This information is collected through an automated process. The CP2000 information originates from several sources such as ________, banks, and employers, and is collected through an automated process.

Back

mortgage companies

5.

FLASHCARD QUESTION

Front

What was the 'As Filed' value for Federal Adjusted Gross Income (line 7) according to the snapshot of a recomputation notice?

Back

$24,265.00

6.

FLASHCARD QUESTION

Front

What is the 'After Change' value for Louisiana Tax Table Income (line 10)?

Back

$41,509.00

7.

FLASHCARD QUESTION

Front

What is the 'Net Change' for Louisiana Income Tax (line 11) according to the snapshot of a recomputation notice?

Back

$690.00

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?