IRS “B” (CP2100) and “P” (972CG) Notice Season is Right Around the Corner

Delaney McDonald
July 20, 2020

Despite the pandemic and work-from-home or limited workforce situations plaguing U.S. companies this year, IRS compliance requirements associated with “B”(CP2100) and “P” (972CG) Notices have not been relaxed. Each of these notices require your organization to take a series of actions within specific timelines in order to avoid being assessed penalties under Internal Revenue Code (IRC) sections §6721 and  §6722.

Five things to ask yourself about your organizational processes in advance of the upcoming season:

  1. With most employees working remotely, do you or your team still have access to receive the incoming IRS Notices via mail? What about the returned Forms W-9 from recipients you solicited?
  2. Is there a secure process in place to transport the sensitive personal information to the employees’ residence for researching the details and responding to notices? 
  3. Do you or your team have scanning capabilities to return legal responses that require wet signatures or other printed correspondence?
  4. Do you or your team have remote mass printing and mailing capabilities so that solicitations can be generated by the due dates?
  5. Is there technology in place for you or your team to coordinate the details of each notice and track each step of the compliance process?

Join us on July 30 for the webinar, The Complete A-Z Guide to IRS “B”  (CP2100) and “P” (972CG) Notices, and learn more about the requirements and ways your organization can prepare for this season. Register today.

Sign up for Email Updates

Stay up to date with the latest tax and compliance updates that may impact your business.


Delaney McDonald

Share This Post

LATAM VAT & Fiscal Reporting
May 20, 2020
Sovos Acquires Taxweb, Extends Tax Determination Capabilities in World’s Most Challenging Compliance Landscape

Earlier this month Sovos announced its second acquisition of 2020, completing our solution for Brazil with an unparalleled offering that solves tax compliance in the place where it is most challenging to do so.  Too many companies doing business in Brazil have been burdened by managing multiple point solutions for continuous transaction controls (CTCs), tax […]

Tax Information Reporting United States
October 27, 2020
Sovos Regulatory Course Spotlight and Meet Our Educators

Course Offering Spotlight In this week’s course offering spotlight, we are highlighting another one of Sovos’ regularly offered courses, Schedule P Preparation. This course teaches you how to complete schedule P of the annual statement and understand its analytic value. In our upcoming Sovos Insurance Regulatory Summit 2020, we will be offering a session on […]

Sales & Use Tax United States
October 27, 2020
What Are the Illinois Sales Tax Nexus Rules?

This year has brought change to the Illinois sales tax nexus rules. In addition to the South Dakota v. Wayfair, Inc. decision, collection obligations changed for marketplace and remote sellers on January 1, 2020. Two new laws expanded nexus in Illinois to include marketplace facilitators, which “are required to register to collect and remit Illinois Use […]

Tax Information Reporting
October 27, 2020
Latest Updates: State Direct Reporting Requirements for Form 1099-NEC

With the latest IRS announcement in Publication 1220 stating that information reporting data for the new Form 1099-NEC  will not be included in the Combined Federal/State Filing (CF/SF) program,  numerous states are beginning to publish direct reporting requirements. The Sovos regulatory analysis team will continuously update this page with the latest state requirements for Form […]

Sales & Use Tax United States
October 27, 2020
How Has the New York Economic Nexus Changed?

Many states have started making changes to how they collect and remit state and local sales tax following the South Dakota v. Wayfair, Inc. decision. However, the New York economic nexus changed more quickly than others. New York made its enforcement date June 21, 2018 – the same day as the Wayfair ruling. The state […]

E-Invoicing Compliance EMEA VAT & Fiscal Reporting
October 27, 2020
Portugal: New Unique ID Number (ATCUD) Delayed Until 2022

Portuguese authorities recently published the long awaited regulation on unique ID number (ATCUD), in preparation for the entry into force of this requirement on 1 January 2021. Even though this effectively meant that a significant piece in the puzzle had now become available to the public, the Portuguese tax authority has postponed the requirement until […]