I got a CP2000 for my US LLC — is this a bill I have to pay?
I'm a non-resident who owns a single-member US LLC. The IRS just mailed me a CP2000 saying I underreported income, with a dollar amount at the bottom. Is this a bill? Do I have to pay it right away, or can I dispute it first?
Related Questions
I got an IRS penalty notice on my LLC — is it a CP15 or a CP215, and how do I respond?
My foreign-owned LLC just got an IRS notice assessing a penalty tied to Form 5472. A forum post called it a CP15, but my notice header looks different. Does the notice type actually matter, and what i...
My books live in Xero in Europe — can I keep my LLC's records abroad or do they have to be in the US?
All of my LLC's bookkeeping is in a cloud accounting tool hosted in Europe, and my contractor invoices and bank records are over here too. Does section 6038A require me to physically keep the records ...
Our joint return showed tax due, not hidden income. Can equitable relief still help if my spouse promised to pay and never did?
I am from South Korea and filed jointly with my spouse when we were still operating a U.S. services business together. The return itself was not inaccurate, but it showed about $41,000 due. My spouse ...
Can First-Time Abatement remove the accuracy penalty on my CP2000?
My CP2000 added a 20% accuracy penalty on top of the extra tax. I've never had a penalty before, so can I just ask for First-Time Abatement to get it removed? If not, what's the right way to fight the...
I got a Form 5472 penalty notice and now I keep hearing about a 90-day clock. What should I actually be doing before that turns into more penalties?
The notice itself was stressful enough, but then someone mentioned that if the failure continues for more than 90 days after IRS notification there can be more penalties layered on top. That turned wh...
If I should have filed Form 8938 but didn't, does that keep my tax year open too?
My LLC may have crossed into being a specified domestic entity, and I think I should have filed Form 8938 with the return but didn't. Separate from the $10,000 penalty, does leaving Form 8938 off the ...
How long do I have to keep my foreign-owned LLC's records — is there a fixed number of years?
I want to clean up old files but I'm afraid of throwing out something the IRS will want. Is there a set retention period for section 6038A records, like seven years? My situation is messy because some...
My foreign company was already registered in a U.S. state before the 2025 BOI rule changed. If we missed the one-time deadline, where do we even start?
I live in Israel and our main company is formed outside the U.S., but it has been registered to do business in one U.S. state for some time. We were so focused on the headlines about domestic companie...
Can my foreign parent charge my US LLC a 'management fee' for oversight and governance — or is some of that not chargeable at all?
My overseas holding company wants to bill my US LLC a flat annual 'management fee' that covers, among other things, my own time overseeing the investment, parent-level governance, and some legal/regul...
If I don't resolve my CP2000, when does the 90-day Tax Court deadline start?
I'm going back and forth with the IRS on a CP2000 and worried about deadlines. People keep mentioning a 90-day Tax Court window. Does that 90 days start from the CP2000 date? And does living abroad ch...
Have a similar question?
ForeignLLCTax members get expert answers with IRS citations. One CPA consultation costs $200+. Full access is $9.99/month.
Become a Member — $9.99/moDisclaimer: All content on ForeignLLCTax.com is created by a tax professional and is provided for general educational and informational purposes only. It does not constitute tax, legal, or accounting advice, and should not be relied upon as such. Every tax situation is different — for advice specific to your circumstances, please consult a licensed CPA, Enrolled Agent, or tax attorney. By using this website, purchasing a subscription, or accessing any tools or services, you acknowledge that no client-professional relationship is established between you and ForeignLLCTax.com or its operators. This website is not affiliated with the IRS.
