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CP200 for share sale to cover taxes
Hi forum,
I am hoping someone can help me soon with my question.
I received a CP2000 yesterday for my 2018 tax return showing that I did not report shares sold and includes a huge penalty and interest. However, the shares sold were to cover taxes on the vested RSUs. I did not sell any of the vested RSUs in 2018. What is the best way to address this with the IRS? Do I have to pay taxes, penalty and interest in this situation?
Thanks in advance for your guidance.
- WorriedTaxPayer
‎December 12, 2020
10:42 PM