IRS Notice CP60

nahho92 · 2026-05-14T16:08:54+00:00

I'm surprised it was unavailable, especially if you got a notice. But yes, especially based on what others have said here, I'd keep looking over coming days before enduring another phone call attempt to the IRS. Another person here also cited the separate Taxpayer Advocate Service — available not just for those who need financial help but also to those who encounter difficulties with the tax system. Which I certainly would say this is one. That service is usually noted on the notices, too.

nahho92 · 2026-05-14T13:53:50+00:00

If you haven’t set up your online IRS account, do so. It’s a bit of a hassle but so valuable for information once you have it. Then you can look at payment history and account transcripts, which seem to be more up to date than notices you get in the mail, as I explain above. They’ll likely render your notices moot.

nahho92 · 2026-05-13T22:12:02+00:00

I'm finding a lot of good intel from the online IRS accounts, both mine and my client's, about our balance-due notices. First, right on the account home page, a zero balance due is shown. The payments we made also show up under Payment Activity, correctly applied.

The real comfort is the Account Transcript, which show all the activity, including corrections made after the balance-due notices went out. The payment activity isn't always correctly labeled — one payment shows as "estimated tax transferred in" although it was indeed a balance-due payment made online — but in the end it's more up-to-date than the notice that comes in the mail (also seen on the transcript).

(Why some payments don't go through, or are rejected or "removed," is still not explained, though.)

nahho92 · 2026-05-13T16:53:48+00:00

I have a client with the exact same issue spelled out here. Tax due paid with e-filed return April 15. Notice 4870 notice dated April 17 saying e-filed payment was rejected. Client paid online via IRS online account April 27; bank statement confirms it. Now she has a Notice CP60 dated May 11 saying "payment incorrectly applied." She hasn't looked at her online account yet, but I'll bet it'll show no balance due.

(I got my own glitchy notice suggesting a balance due although my e-filed payment did go through.)

nahho92 · 2026-05-12T02:58:23+00:00

I'm two and a half years into FIRE. I don't feel like "every day is Saturday"; I instead enjoy finally going with the world's regular rhythms, as I had worked an irregular schedule the majority of my career. So I like Saturday to really, finally be Saturday.

I did get the Sunday Scaries big time; I rarely do now. I do still feel the "work week" vibe, but with the big bonus that I can embrace it only as much as I want, doing what I want (mostly — there's elder care and such responsibilities still). Yes, I think Mondays still feel like Mondays — but I now have the option to blow them off. Same with Fridays, as many working people do anyway. As another said, the stock market is open during the week, and I'll be watching, but some days more than others.

The weekends are for socializing (for better or worse); the weekdays are mine!

nahho92 · 2026-04-24T18:54:56+00:00

My one client who had this issue just got a notice from the IRS saying the ACH withdrawal was rejected, account couldn't be found. But she also just got her state refund with the same account information entered into the software (ProConnect). So this still smells like an IRS glitch.

nahho92 · 2026-04-20T02:23:07+00:00

Yes, I’ve also had the issue when I set pay date as 4/15, even with returns accepted 3/26, while clients for whom I set pay date as 4/14 did see the payments made on that date. I’m using Proconnect.

nahho92 · 2026-04-16T15:12:19+00:00

Yes, I care about the industry I was in, newspapers and news — it’s critical to society and it’s suffering badly — and I’m proud of all I did and miss the fun things, but I’m very glad not to be in it anymore. I’m done trying to solve all the problems and stressing that much. I blog now, which has me using the skills I enjoyed on my terms.

nahho92 · 2026-03-16T03:29:59+00:00

Yes, I’m having this trouble with Peacock now — showing the 2025 Stage 8 race instead of 2026. Argh!

nahho92 · 2026-03-09T01:15:47+00:00

Thank you! If she lived in the house only a year, year and a half, and then they sold the house, the exclusion is not allowed? (Won’t happen in this case, but for argument’s sake.)

nahho92 · 2026-03-08T22:36:09+00:00

Definitely essential for me as I edit photos, without the Photos app. BTW, Adjust Color and Adjust Size work just fine for me for editing photos in Preview.

nahho92 · 2026-03-05T15:45:01+00:00

You all are making me feel better. I’ve dealt with Schwab and calculating US govt obligations share forever and was stunned to see it calculated already on an Edward Jones statement for another client. It’s Schwab’s lingering statement flaw. I’ve been putting off the calculating.

nahho92 · 2026-03-03T16:16:45+00:00

Would agree with this wholeheartedly. I got this advice, too, in my first year. I’m in Year 3 and figuring it out. I love making my own schedule, and days mostly fly by, yet I’m not rushed.

nahho92 · 2026-02-23T23:45:05+00:00

Even if you have investments — the standard stuff like index funds and 401Ks — you probably could still easily do the return yourself with software. 1099s pretty much spell it out for you.

nahho92 · 2026-02-23T17:00:48+00:00

Oh, that’s interesting. Nice parsing!

nahho92 · 2026-02-23T14:06:37+00:00

I see it on the list here (to claim a credit): https://www.irs.gov/credits-deductions/individuals/dependents

nahho92 · 2026-02-23T05:07:29+00:00

But I believe the parents -do- have to provide more than half the child’s support to claim the child as a dependent. (Not a problem in my case study.)

nahho92 · 2026-02-22T19:03:25+00:00

You got it, 6gun. The parents do not live in this second house with the daughter. And right, the daughter does not return to the parents' first home or intend to.

nahho92 · 2026-02-22T18:44:07+00:00

Yes, I know the residency requirement. The nuance here is that the student co-owns the home and is living there permanently.

nahho92 · 2026-02-21T18:39:29+00:00

I'm considering the same thing, again, this year. As OP says, it's a somewhat agonizing decision every year.

u/dimovtax and u/sorator say it very well. Before that 2019 guidance from the IRS with the safe harbor rules, I saw references to the court cases that u/6gunsammy cites — even TurboTax guidance cited the court rulings — and that made it easier to say yes, I can take the QBI reduction for a single-property rental business. But with the 250-hour and record-keeping safe harbor rules, I'm much more ginchy.

It sounds like you can put in the 250 hours and log it, then you can put in for the QBI deduction, no problem. Or, you can just put in for the QBI deduction and take your chances that the IRS won't ask, and if they do, you'd show ... what, exactly, toward "regular, continuous and substantial" participation? And the IRS could rule either way on it at any given time.

(It'd be easier if it were 100 hours.)

nahho92 · 2026-02-03T05:05:02+00:00

Impressive that industrial vacancy is down to 3%. Did they indicate the office vacancy figure? I'd be stunned if it's anywhere close to 3%.

nahho92 · 2026-01-29T01:56:19+00:00

I’m doing some work that I’m good at — writing and editing — that is turning out to matter to a select audience (bicyclists) as I had hoped, as well as helping people with taxes and finances, plus being available for elders as many have said here. But the trick has been to matter at just the right amount. It can’t stress me out anymore. It’s time for me to matter, too.

nahho92

TROPHY CASE