I received a CP05 stating my return is under review, now I received another form with a case and control number stating an add'l 60 days is required. What's next?
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I received a CP05 stating my return is under review, now I received another form with a case and control number stating an add'l 60 days is required. What's next?
I received a CP05 stating my return is under review, now I received another form with a case and control number stating an add'l 60 days is required. What's next?
Technically, the answer is no. An IRS review is a preliminary verification of specific items on your tax return, while an IRS audit is a comprehensive examination of your entire return and financial records. A review may or may not lead to an audit.