IRS Notice CP260 – Credit Reversal Adjustment
The IRS removed one or more credits that had been erroneously applied to your account. There is a balance due as a result.
Type of Notice: Unpaid balance
Most common tax problem area: Unpaid business taxes
Other tax problem areas: Business penalties
Why you received IRS Notice CP260
- The IRS posted a credit to your tax account.
- The IRS reversed the credit and the account now shows a balance due.
- The IRS sent CP260 to notify you of the change made, and to advise you of the balance due.
Your options to address IRS Notice CP260
- Dispute the taxes you owe
- Make arrangements to pay
Notice deadline: 30 days
If you miss the deadline: Additional interest and applicable penalties will be charged.
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