IRS CP303 Penalties: What You Might Owe and Why
A CP303 notice might come with penalties for underpayment or late filings. Explore the types of penalties involved, how interest is calculated, and what enforcement actions the IRS may take if you ignore the notice.A CP303 notice might come with penalties for underpayment or late filings. Explore the types of penalties involved, how interest is calculated, and what enforcement actions the IRS may take if you ignore the notice.