Just throwing this out there - might also wanna check that ur state withholding account has the right address too! When I regstered mine the info got messed up somehow between the state and federal systems. Ended up with letters going to 3 different addresses 🤦‍♂️ Had to fix each one separately.

This exact scenario happened to my consulting business last year! When I registered for state payroll withholding, it definitely triggered an old CP148A notice - turns out the IRS had been sitting on it since I had filed a change of address form months earlier but never received confirmation. The key thing is that CP148A notices are just informational - they're confirming an address change, not demanding any action. But the 2020 date is definitely weird and suggests a system error or backlog issue. I'd recommend calling that Business & Specialty Tax Line number mentioned earlier AND filing Form 8822-B just to be safe. When you call, specifically ask them to verify what address they have on file for all your business tax accounts (income tax, payroll tax, etc.) because sometimes they don't sync up properly between different IRS systems. Also, double-check your state withholding account registration to make sure the address there matches what you want the IRS to have. These cross-system triggers can create a domino effect if the addresses don't align perfectly.

quick question - if i claim the 2021 child tax credit now by amending my return, will that trigger an audit? i'm worried about opening a can of worms with the irs.

Hey Omar! I was in almost the exact same boat - got that IRS letter in 2021 about potentially qualifying for the child tax credit but life got crazy and I completely forgot about it. Last year I finally filed an amended return and got back over $4,000! The good news is you still have time since the 3-year window doesn't close until April 2025. With kids aged 4 and 7 in 2021, you could potentially get $6,600 ($3,600 + $3,000) if you didn't receive any advance payments. Start by creating an IRS online account if you don't have one - you can see your payment history there to check if you got any monthly payments between July-December 2021. If not, you're likely eligible for the full amounts. Then just file Form 1040-X. TurboTax can walk you through it, or if you want to be extra sure, a tax preparer can help. Don't let that money sit there - it's rightfully yours!

Have you checked if you qualify for IRS Free File? Its a free way to file your taxes if you make under a certain income threshold. No hidden fees!

I went through something very similar with a 2016 CP2000 notice last year. The key thing to understand is that you absolutely can and should fight this if you believe it's incorrect, even this many years later. Here's what I'd recommend doing immediately: 1. **Gather your 2016 brokerage statements** - You'll need the detailed transaction records showing both purchase dates/prices and sale dates/prices for all stock transactions that year. 2. **Compare line by line** - Match what's on your Schedule D/Form 8949 against your actual brokerage statements to see if there really are missing transactions totaling that $12,500. 3. **Check for cost basis issues** - Often the IRS receives reports of gross proceeds from brokers but not the cost basis (what you paid). This makes it look like pure profit when it might not be. 4. **Respond before the deadline** - Even if you're not 100% sure, it's better to respond with what information you have than to ignore it. The fact that you already paid additional taxes for 2015 and 2016 stock issues back in 2018-2019 is actually relevant here. Include that information in your response - it shows you've been compliant and already addressed similar issues. Don't let the fact that your accountant's firm is gone discourage you. You can handle this yourself with the right documentation, or hire a new tax professional to help with just this specific notice.

You might also qualify for earned income credit if ur income isnt too high. def look into that too!

Just wanted to add that if you're filing late and expecting a refund (which you likely are with the Child Tax Credit), there's no penalty! The IRS only charges penalties if you owe money. So don't stress about being late - you're actually giving the government an interest-free loan. I'd recommend using the IRS Free File program if your income is under $73,000, it's completely free and walks you through everything step by step.

Has anyone else noticed that the thresholds aren't adjusted for inflation? $100k in 2018 when many of these laws started is not the same as $100k today. With inflation, these thresholds are effectively getting lower each year, forcing more small businesses to deal with multi-state compliance.

The inflation point is really frustrating as a small business owner. What was intended to catch larger sellers is now pulling in smaller operations that might not have the resources to handle multi-state compliance properly. I've also noticed that some states are getting more aggressive with enforcement - I received a notice from Pennsylvania last month for nexus I didn't even know I had established. Turns out they were tracking my Amazon sales data and determined I crossed their threshold 6 months ago. The retroactive penalties were brutal. It makes me wonder if we'll see more states like Kansas raising their thresholds, or if the trend will continue toward making it easier to trigger nexus requirements. Either way, staying on top of these changes is becoming a full-time job in itself.