I received a notice from the IRS for changes to my 2018 tax returns that listed 2 Cancellation of Debts. Both were unsecured debts in which I have worked with a debt settlement company to pay off these debts. Both have been settled and paid off and I was not aware that this was going to happen. The total for the 2 Cancellations of Debts are $7,787 and the notice is for a “Proposed Amount Due of $2,015” and should be paid by 12/30/2020. The notice gives me options to respond if I agree or disagree. This is the first I’ve heard of this, unfortunately the debt settlement company did not disclose to me that this could happen. What options do I have if I do not agree with the change in my returns? Most importantly, is there an option to not have to pay this? Thank you I’m advance for any guidance you can share.
(what the letters from the IRS mean)
I GOT A LETTER FROM THE IRS
https://ttlc.intuit.com/questions/3605673-i-got-a-letter-or-notice-from-the-irs
I AM BEING AUDITED
If you purchased Audit Defense:
https://ttlc.intuit.com/questions/2924451-i-bought-max-or-audit-defense-and-now-i-m-being-audited
AUDIT SUPPORT
If you did NOT purchase Audit Defense:
https://support.turbotax.intuit.com/irs-notice/audit-support/