In the upcoming months, your business may receive either a B Notice (CP2100) or a P Notice (972CG) if there’s a discrepancy between an individual’s name and their Taxpayer Identification Number (TIN).
The complexity of IRS compliance requirements for B & P notices continues to grow annually. It’s crucial for your business to promptly address each notice within the specified timeframe. Being prepared to correct and abate these notices is critical in avoiding penalties.