The A-Zs of B’s & P’s | Product

In the coming months, your business might receive a B Notice (CP2100) and/or a P Notice (972CG) if there is a mismatch between a person’s name and TIN, if you filed late filings or corrections, or if you filed using the wrong filing method.

IRS compliance requirements for B&P notices are complex and time consuming. Your business needs to complete the required steps in a specified timeframe for each notice received. Being prepared to correct and abate these notices is critical in avoiding penalties.

Join the experts from Sovos’ tax & regulatory reporting team for a look at everything you need to know about B-Notices (CP2100) and P-Notices (982CG).

Topics will include:

• What IRS Notice CP2100 (B Notice) is and how to correct records appearing on the notice.
• What IRS Notice 972CG (P Notice) is and how to act on the notice.
• Best practices for minimizing B&P Notices.
• Crucial considerations for managing B&P Notices this year.

Learning objectives:

• Understand what IRS Notices CP2100 and 972CG are.
• Understand how to act on IRS Notices if or when received.
• Identify some best practices for handling IRS Notices and potential ways to mitigate IRS Notices altogether.