CP47B Notice: What Is It and How Should You Respond?
Summary:
The CP47B Notice is sent by the IRS to inform taxpayers about discrepancies related to unpaid tax liabilities or payment plan defaults. This notice typically addresses issues with prior tax debts and outlines the amount due, penalties, and interest accrued. Timely action is essential to resolve the issue, prevent further penalties, and avoid enforcement actions like liens or levies. In this article, we provide an in-depth guide to understanding the CP47B Notice, the reasons behind it, and the steps you should take to address the notice promptly.
Receiving a CP47B Notice from the IRS can be unsettling. The notice serves as a notification about outstanding tax liabilities or payment arrangement issues, requiring your immediate attention. Ignoring it could lead to severe consequences, such as increased penalties or enforcement actions. This article explains what the CP47B Notice entails, why it is issued, and how you can resolve the situation swiftly to minimize potential financial impact.
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What the CP47B notice means
The CP47B Notice is a formal communication from the IRS that informs taxpayers about unresolved tax debts or defaults in payment plans. It may indicate unpaid tax balances, accrued penalties, or interest charges. The notice also provides details on how to resolve the outstanding balance and prevent further enforcement actions, such as levies or liens.
Common reasons for receiving the CP47B Notice include:
- Failure to pay a tax liability in full by the due date.
- Missing scheduled payments on an existing installment agreement.
- Unresolved discrepancies in previously reported tax information that resulted in additional tax assessments.
If you receive a CP47B Notice, it’s important to address it promptly to avoid worsening the situation. The IRS provides options for resolving the issue, such as payment plans, offers in compromise, or penalty abatements.
Pro Tip
If you disagree with the notice, you have the right to dispute the amount. Gather all supporting documents and submit a written explanation to the IRS along with any evidence that substantiates your claim.
How the CP47B notice impacts you
A CP47B Notice affects taxpayers by notifying them of the IRS’s intent to take action if outstanding balances remain unresolved. Here’s how this notice can impact you:
- Additional penalties: If you do not settle the outstanding tax liability, the IRS may assess further penalties, including late payment and failure-to-pay penalties, which can increase your overall debt.
- Accrued interest: Unpaid tax balances will accrue interest until fully paid, potentially leading to a significant increase in the amount owed over time.
- Enforcement actions: Failure to respond may prompt the IRS to take collection actions, such as placing liens on your property or garnishing your wages to satisfy the debt.
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Steps to take when you receive a CP47B notice
Acting swiftly upon receiving a CP47B Notice can help you resolve the issue and avoid further consequences. Here are the steps you should follow:
- Read the notice carefully: Review the details to understand the amount owed, the tax year in question, and the reason for the notice. It will also outline any penalties or interest accrued.
- Verify your records: Confirm whether you owe the stated amount. Cross-check your tax records, payments made, and correspondence with the IRS to ensure the notice is accurate.
- Make a payment or arrange a payment plan: If you agree with the notice, consider paying the amount in full to avoid additional interest. Alternatively, set up an installment agreement if you cannot pay the full amount immediately.
- Dispute the notice if necessary: If you believe there is an error, you can submit a written dispute along with supporting documentation. The IRS will review your case and inform you of their findings.
- Contact the IRS for clarification: If you need further guidance or have questions about the notice, call the IRS number provided on the notice or visit a local IRS office.
Pro Tip
Setting up a direct debit installment agreement can simplify payment management and reduce the risk of missing a payment, which can help avoid defaulting on the payment plan.
Reasons you may receive a CP47B notice
Various circumstances may lead to receiving a CP47B Notice, such as:
Outstanding tax balance
One of the primary reasons for the CP47B Notice is an unpaid tax balance from a previous year. If you owe taxes and have not paid them in full, the IRS may issue this notice to remind you of the outstanding balance and prompt payment.
Defaulted payment plan
If you set up an installment agreement to pay off your tax debt but missed one or more payments, the IRS may consider the agreement in default. The CP47B Notice will notify you of the default status and provide instructions for reinstating the payment plan or settling the debt.
Discrepancies in reported income or deductions
Sometimes, the IRS may identify inconsistencies between your tax return and the information reported by third parties, such as employers or financial institutions. This can lead to additional tax assessments and the issuance of a CP47B Notice.
Amended tax return or audit adjustments
If you file an amended tax return or if the IRS makes adjustments following an audit, it may result in a higher tax liability. The CP47B Notice will inform you of the updated balance due and any applicable penalties or interest.
How to resolve the CP47B notice
Making payments or setting up a payment plan
To resolve the CP47B Notice, consider paying the full balance or arranging a payment plan. The IRS offers several options for taxpayers who cannot pay immediately, including short-term extensions, monthly installment agreements, and offers in compromise for those who qualify.
Requesting penalty abatement
If you have a legitimate reason for not meeting the payment deadline (e.g., financial hardship, natural disaster), you can request a penalty abatement. The IRS may reduce or waive certain penalties if you meet their criteria.
Submitting a dispute
To challenge the notice, send a written explanation with supporting documents to the address listed on the CP47B Notice. Include details about why you disagree and any evidence that supports your claim. The IRS will review your submission and respond accordingly.
Using the Taxpayer Advocate Service
The Taxpayer Advocate Service is an independent organization within the IRS that assists taxpayers facing financial difficulties or experiencing problems with the IRS. If you are struggling to resolve your CP47B Notice, the Taxpayer Advocate Service can help.
Pro Tip
To avoid future notices, keep your tax records up-to-date, and promptly address any IRS correspondence. Regularly reviewing your tax account transcript can help you spot discrepancies early.
Potential consequences of ignoring the CP47B notice
Failing to respond to the CP47B Notice can result in severe consequences, including:
- Additional penalties and interest: Ignoring the notice will lead to ongoing accrual of penalties and interest, making the total amount owed larger over time.
- Collection actions: The IRS may initiate aggressive collection measures, such as levying your bank account, garnishing wages, or placing a lien on your property.
- Damage to your credit score: Although IRS actions don’t directly impact credit scores, if the IRS files a Notice of Federal Tax Lien, it becomes a public record that could indirectly affect your credit.
Understanding ways to reduce your tax debt
Managing tax debt can be challenging, but there are strategies to reduce the burden:
- Negotiating a settlement: The IRS may accept an offer in compromise if you can demonstrate that paying the full amount would create financial hardship.
- Exploring penalty abatement and interest reduction options: If you qualify for penalty abatement due to reasonable cause (e.g., natural disaster, serious illness), you may be able to reduce or eliminate certain penalties. Additionally, you can request interest reductions for eligible situations.
- Applying for an installment agreement: If you cannot pay the tax debt in full, setting up a monthly payment plan with the IRS can help you manage the debt more effectively. The IRS offers both short-term and long-term installment agreements based on the amount owed and your ability to pay.
- Utilizing currently not collectible status: If you are experiencing severe financial hardship and cannot make any payments toward your tax debt, you may qualify for “currently not collectible” status. This temporarily halts IRS collection efforts until your financial situation improves.
Best practices for managing tax obligations
To avoid receiving notices like the CP47B in the future, here are some best practices for managing your tax obligations:
- File your taxes on time: Always file your tax returns by the deadline to avoid late filing penalties. Even if you cannot pay the taxes owed, filing on time can help minimize penalties.
- Pay your taxes promptly: If possible, pay your tax balance in full by the due date. If you cannot pay the entire amount, set up a payment plan immediately to avoid penalties and interest.
- Maintain organized records: Keep detailed records of your tax documents, payments, and correspondence with the IRS. This helps resolve any issues quickly if there are discrepancies.
- Monitor your IRS account regularly: Set up an online account with the IRS to view your tax history, check for any notices, and make payments. This can help you stay on top of your tax obligations and spot potential issues early.
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Frequently asked questions
What should I do if I cannot afford to pay the amount stated in the CP47B Notice?
If you cannot afford to pay the full amount, you should still respond to the notice. Consider setting up an installment agreement or applying for an offer in compromise, which allows you to settle your tax debt for less than the full amount owed. Additionally, requesting “currently not collectible” status may temporarily halt collection efforts if you are experiencing financial hardship.
How long do I have to respond to a CP47B Notice?
The CP47B Notice will typically specify a timeframe for response. It is important to address the notice as soon as possible to avoid additional penalties and interest. Generally, responding within 30 days is recommended to ensure that your case is processed promptly and to minimize further financial impact.
Will the CP47B Notice affect my credit score?
While the notice itself does not directly impact your credit score, failure to resolve the debt can result in the IRS filing a Notice of Federal Tax Lien. This becomes a public record and may indirectly affect your credit score, especially if the lien appears in your credit report.
Can I dispute the amount stated in the CP47B Notice?
Yes, you can dispute the notice if you believe there is an error. Gather all relevant documents that support your case and submit a written explanation to the IRS, along with any evidence that contradicts the amount stated in the notice. The IRS will review the information and notify you of their decision.
What are the consequences of not resolving the CP47B Notice?
Ignoring the notice can lead to severe consequences, such as additional penalties, interest accumulation, enforcement actions (like liens, levies, or wage garnishments), and possible damage to your credit. It is important to respond promptly to avoid these outcomes.
Can I negotiate a lower payment on the amount due?
You may be able to negotiate a lower payment through an offer in compromise if you can demonstrate that paying the full amount would create significant financial hardship. The IRS will review your financial situation to determine if you qualify for this settlement option.
Need help understanding other IRS letters and notices? Visit our comprehensive guide to IRS Letters and Notices or search for the document you received in the table below.
| CP01 | The IRS verified your claim of identity theft and will monitor your account. |
| CP01H | The IRS received a tax return with a social security number that belongs to a dead person. |
| CP02H | Money is due on an amended return based on a grant received due to Hurricane Katrina, Rita, or Wilma. |
| CP03C | You received the First-Time Homebuyer Credit for a house you purchased. |
| CP04 | You may be eligible for tax deferment because either you or a spouse served in a combat zone, a qualified contingency operation, or a hazardous duty station during the tax year specified on your notice. |
| CP08 | You may be entitled to additional money due to the Additional Child Tax Credit. |
| CP10 | Your tax return changed due to a miscalculation, and the refund you wanted to apply to an estimated tax payment has changed. |
| CP10A | Your tax return changed due to a miscalculation of the Earned Income Credit, and the refund you wanted to apply to an estimated tax payment has changed. |
| CP11 | You owe money because the IRS amended your return due to a miscalculation. |
| CP11A | Your tax return changed due to a miscalculation of the Earned Income Credit, and the refund you wanted to apply to an estimated tax payment also changed. |
| CP11M | Your tax return changed due to a miscalculation of the Making Work Pay and Government Retiree Credit, and the refund you wanted to apply to an estimated tax payment has changed. |
| CP12 | You are due a bigger refund because the IRS corrected one or more mistakes on your tax return. |
| CP12A | The IRS made changes to correct the Earned Income Credit (EIC) claimed on your tax return. |
| CP12E or CP12F | The IRS corrected a miscalculation on your return. |
| CP12M | The IRS made changes to the computation of the Making Work Pay and/or Government Retiree Credits on your return. |
| CP12R | The IRS made changes to the computation of the Rebate Recovery Credit on your return. |
| CP13 | The IRS made changes to your return due to a miscalculation. There is no refund or amount due. Your balance is zero. |
| CP13A | The IRS made changes to your return due to a miscalculation of the Earned Income Credit. There is no refund or amount due. Your balance is zero. |
| CP13M | The IRS made changes to your return due to a miscalculation of the Making Work Pay credit or the Government Retiree Credit. There is no refund or amount due. Your balance is zero. |
| CP13R | The IRS made changes to your return due to a miscalculation of the Recovery Rebate Credit. There is no refund or amount due. Your balance is zero. |
| CP14 | You owe money on unpaid taxes. |
| CP16 | The IRS made changes to your return due to a miscalculation. The refund you were due was applied to other tax debts. |
| CP21A | You owe money due to the changes you requested that the IRS make on your tax returns. |
| CP21B | You are due a refund due to the changes you requested that the IRS make on your tax returns. The money should arrive within 2 to 3 weeks. |
| CP21C | The IRS made the requested changes to your tax return. You will not receive a refund, and there is no tax due. Your balance is zero. |
| CP21E | As a result of your recent audit, the IRS made changes to your tax return, and you owe money as a result of those changes. |
| CP21I | The IRS made changes to your tax return relating to the Individual Retirement Arrangement (IRA) taxes. You owe money due to the changes. |
| CP22A | The IRS made the changes you requested, and you owe money as a result. |
| CP22E | As a result of your recent audit, the IRS changed your tax return, and you now owe money. |
| CP22I | The IRS made changes to your tax return relating to the Individual Retirement Arrangement (IRA) taxes. You owe money due to the changes. |
| CP23 | The IRS changed your return because there was a difference between the amount of estimated tax payments listed on your tax return and the amount actually posted to your account. You owe taxes due to these changes. |
| CP24 | The IRS changed your return because there was a difference between the amount of estimated tax payments listed on your tax return and the amount actually posted to your account. This resulted in an overpayment of estimated taxes. |
| CP24E | The IRS changed your return because there was a difference between the amount of estimated tax payments listed on your tax return and the amount actually posted to your account. This resulted in an overpayment of estimated taxes. |
| CP25 | The IRS changed your return because there was a difference between the amount of estimated tax payments listed on your tax return and the amount actually posted to your account. You are not due a refund, nor do you owe any money. Your balance is zero. |
| CP31 | You need to update your address because your refund check was returned to the IRS. |
| CP45 | The IRS was unable to apply your overpayment to your estimated tax as you requested. |
| CP49 | The IRS used all or part of your refund to pay a tax debt. |
| CP53 | Your refund check will be sent by mail because the IRS can’t provide your refund through direct deposit. |
| CP57 | The bank declined your payment, so the IRS was unable to draft funds from your bank account. |
| CP71 | A reminder of the amount you owe in tax, penalty, and interest. |
| CP71A | A reminder of the amount you owe in tax, penalty, and interest. |
| CP71C | A reminder of the amount you owe in tax, penalty, and interest. |
| CP71D | A reminder of the amount you owe in tax, penalty, and interest. |
| CP88 | The IRS is holding your refund because you haven't filed one or more tax returns, and it believes you will owe tax. |
| CP90 | The IRS is notifying you of its intent to levy certain assets for unpaid taxes. You have the right to dispute the levy in a Collection Due Process hearing. |
| CP91 | The IRS will levy up to 15% of your social security benefits for unpaid taxes. |
| CP120 | The IRS needs documentation of your tax-exempt status. |
| CP120A | Your organization’s tax-exempt status has been revoked because it failed to file a Form 990 series return for three consecutive years. |
| CP130 | You may no longer need to pay the Alternative Minimum Tax (AMT) because your tax return filing requirements changed. |
| CP152 | The IRS received your return. |
| CP153 | The IRS will send your refund by mail because your direct deposit did not go through. |
| CP161 | You have an unpaid balance due to the IRS. |
| CP166 | Your monthly payment to the IRS did not go through due to insufficient funds in your bank account. |
| CP178 | You may no longer owe excise tax because your tax return filing requirements changed. |
| CP231 | You need to update your address because your refund was returned to the IRS. |
| CP259 | You did not file the business tax return identified in the notice. |
| CP259A | You should have filed these forms but did not – Form 990/990-EZ, Return of Organization Exempt From Income Tax, or Form 990-N (e-Postcard). |
| CP259B | The IRS requires you to file these forms but did not – Form 990-PF, Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation. |
| CP259C | The IRS believes that you are a private foundation, but did not file the required Form 990-PF, Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation. |
| CP259D | You must file this form, but you did not – Form 990-T, Exempt Organization Business Income Tax Return. |
| CP259E | You should have filed this form, but you did not – Form 990-N (e-Postcard) or Form 990/990-EZ, Return of Organization Exempt From Income Tax. |
| CP259F | The IRS requires you to file this form but did not – Form 5227, Split-Interest Trust Information Return. |
| CP259G | The IRS requires you to file this form, but you didn’t – Form 1120-POL, U.S. Income Tax Return for Certain Political Organizations. |
| CP259H | As a tax-exempt political organization, you must file this form, but you did not – Form 990/990-EZ, Return of Organization Exempt From Income Tax. |
| CP276A | You submitted your tax liability schedule incorrectly. The IRS typically charges a Federal Tax Deposit (FTD) penalty for this but did not this time. |
| CP276B | The IRS did not receive the correct amount of tax deposits. It normally charges a Federal Tax Deposit (FTD) penalty but did not this time. |
| CP297 | The IRS is notifying you of its intent to levy certain assets for unpaid taxes. You have the right to dispute the levy at a Collection Due Process hearing. |
| CP297A | The IRS has levied your assets for unpaid taxes. You have the right to dispute the levy at a Collection Due Process hearing. |
| CP298 | The IRS notifying you of its intent to levy up to 15% of your social security benefits for unpaid taxes. |
| CP501 | You have a balance due on one of your tax accounts. |
| CP503 | You have an unpaid balance on one of your accounts, and the IRS has not heard from you. |
| CP504 | You have an unpaid amount due on your account. If you do not pay immediately, the IRS will levy your state income tax refund to apply it to the amount you owe. |
| CP504B | You have an unpaid amount due on your account. If you do not pay immediately, the IRS will levy certain property or rights to property to apply it to the amount you owe. |
| CP521 | A reminder that you have an installment agreement payment due. |
| CP523 | You have defaulted on your payment agreement. Therefore the IRS is terminating the agreement and will levy your assets. |
| CP601 | Usted tiene un saldo pendiente de pago (dinero que le debe al IRS) en una de sus cuentas contributivas. |
| CP603 | No hemos recibido respuesta de parte de usted y todavía tiene un saldo sin pagar en una de sus cuentas contributivas. |
| CP604 | Usted tiene un saldo sin pagar en su cuenta. De no pagar esta cantidad inmediatemente, el IRS embargará cualquier reembolso de impuestos estatales al que tenga derecho y aplicarlo al pago de su deuda. |
| CP604B | Usted tiene un saldo sin pagar en su cuenta. De no pagar esta cantidad inmediatemente, el IRS embargará ciertas propiedades o derechos de propiedad y lo aplicará al pago de su deuda. |
| CP621 | Este aviso es para notificarle que usted tiene un plan de pagos a plazos vencido. Por favor, envíe el pago inmediatamente. |
| CP623 | Este aviso es para informarle nuestra intención de cancelar su plan de pagos a plazos y confiscar (embargar) sus bienes. Usted incumplió en su acuerdo. |
| CP711 | Nosotros realizamos cambios a su planilla debido a que entendemos que hubo un cálculo erróneo. Como resultado de estos cambios, usted adeuda dinero por sus contribuciones. |
| CP721 | Hicimos el(los) cambio(s) que usted solicitó a su declaración de impuestos para el año tributario que aparece en su aviso. Como resultado de éste(estos) cambio(s) usted debe dinero en sus impuestos. |
| CP722 | Hicimos el(los) cambio(s) que usted solicitó a su declaración de impuestos para el año tributario que aparece en su aviso. Como resultado de éste(estos) cambio(s) usted debe dinero en sus impuestos. |
| CP771 | Usted recibió este aviso para recordarle sobre la cantidad que adeuda en contribuciones, multas e intereses. |
| CP772 | Usted recibió este aviso para recordarle sobre la cantidad que adeuda en contribuciones, multas e intereses. |
| CP773 | Usted recibió este aviso para recordarle sobre la cantidad que adeuda en contribuciones, multas e intereses. |
| CP774 | Usted recibió este aviso para recordarle sobre la cantidad que adeuda en contribuciones, multas e intereses. |
| CP959 | Usted no radicó su planilla de contribución de negocios identificada en este aviso. |
| CP2000 | The income or payment information on file doesn’t match your tax return. The discrepancy may result in an increase or decrease in your tax due. |
| CP3219A | The IRS has received information that is different from what you reported on your tax return. This may result in an increase or decrease in your tax. |
| CP3219N | The IRS didn’t receive your tax return, so it calculated your return based on the information received from employers, financial institutions, and others. If you want to challenge the proposed tax, you have 90 days from the date of this notice. If you are outside the country, you have 150 days. |
| Letter 0012C | The IRS needs additional information to process your tax return. |
| Letter 0484C | The IRS wants a completed |
| Letter 0525 | Updates you on proposed changes after an IRS examination. Any changes are explained and details the refund due or taxes owed. |
| Letter 531 | IRS Notice of Deficiency. The information the IRS received about you was different from what you reported on your return. |
| Letter 0668D(LP 68) | The IRS released their levy. |
| Letter 0549C | Your tax bill was paid. |
| Letter 0681C | The IRS accepted your payment proposal. However, this is not a formal Installment Agreement. |
| Letter 0757C | You did not adhere to the terms of your Installment Agreement. |
| Letter LT 11 | The IRS plans to seize your property or rights to property. |
| Letter 1058 | The IRS has not received your payment. It plans to seize your property or rights to property. |
| Letter 1615 (LT 18) | You must respond to the IRS within 10 days of this notice regarding past due tax returns. |
| Letter 1737 (LT 27) | Complete and sign Form 433F, Collection Information Statement. |
| Letter 1961C | Your application for a Direct Debit Installment Agreement was declined. It explains why and what you need to do to qualify. |
| Letter 1962C | Your application for a |
| Letter 2050 (LT 16) | The IRS is trying to collect unpaid taxes from you from returns that have been filed or from returns that have not been filed. |
| Letter 2257C | The IRS is providing the payoff amount that you requested. |
| Letter 226-J | An IRS letter to large employers notifying them that they may be liable for an Employer Shared Responsibility Payment (ESRP). |
| Letter 2271C | A request for an Installment Agreement has been approved. It explains the fees and how to qualify for a Low Income Fee Reduction. The letter may also request missing information. |
| Letter 2272C | An IRS letter explaining why your request to pay the balance due in installments was declined. |
| Letter 2273C | A confirmation letter of your request to pay the balance due in installments. It contained the amount to pay, fees charged, and where to send payment. Instructions on how to apply for the Low Income Fee Reduction included. |
| Letter 2318C | A response to a request to pay taxes due to payroll deductions. It also explains the fees that are charged. |
| Letter 2357C | The IRS is admitting that it did not send you the balance due notices that it should have. |
| Letter 2603C | The IRS accepted your installment agreement. The IRS will file a Notice of Federal Tax Lien on your personal property. |
| Letter 2604C | The IRS has accepted your request for installment payments. This IRS letter provides the monthly payment, the address where to send it, and the fees charged. The letter also provides instructions on how to apply for the Low Income Fee Reduction. |
| Letter 2761C | The IRS is requesting your combat zone service dates to ensure that it provides you with the special provisions and protection of the combat zone deferment. Copies of military orders or other documentation to support your time served may be requested. Civilians working in support of the Armed Forces may be required to provide a Letter of Authorization or a letter from their employer. |
| Letter 2789C | An annual reminder notice, as required by law, of the balance due to the IRS. It explains that penalties and interest continue to accrue until the balance is fully paid. |
| Letter 2840C | Confirms your Installment Agreement request and includes the payment amount and due date. This IRS letter explains the fees charged for paying monthly and explains how to apply for the Low Income Fee Reduction (if you qualify). |
| Letter 3030C | Provides an explanation of the tax, penalty, and interest still due on your account. |
| Letter 3127C | A confirmation of your request to make a change to your Installment Agreement. This IRS letter explains the fees for the change. Changes can be to the payment amount or due date, or it can include additional liabilities. |
| Letter 3174 | A reminder of taxes due after the IRS has sent a Notice of Intent to Levy. |
| Letter 3217C | The IRS has accepted your request to pay the balance in installments. This IRS letter provides your payment amount, the due date, and fees charged. The letter also provides instructions on applying for the Low Income Fee Reduction (if you qualify). |
| Letter 3228 (LT 39) | A request to pay the balance due within 10 days using the envelope provided. |
| Letter 3500 | The IRS has received your documents, and it needs additional time to review them. |
| Letter 3572 | Your Federal Income Tax Return has been selected for examination. The IRS auditor requests that you call to schedule an audit appointment. |
| Letter 4883C | The IRS received your federal income tax return but needs more information to verify your identity in order to process your tax return accurately. |
| Letter 4903 (LT 26) | You must file your tax returns immediately. The IRS has previously contacted you, but it did not receive a response. |
| Letter LP 47 | The IRS is trying to locate the person identified in the letter and is requesting that you provide their new address. |
| Letter LP 59 | The IRS has not received a response to the notice of levy it previously sent. |
| Audit Letter 2205 | The IRS manages audits either by mail or through an in-person interview to review your records. The interview may be at an IRS office (office audit) or the taxpayer’s home, place of business, or accountant’s office (field audit). |
| Letter 915 | You recently underwent an audit, and the IRS informs you that you now owe taxes. |
Key takeaways
- The CP47B Notice alerts taxpayers to unresolved tax liabilities or issues with payment agreements.
- Prompt action is necessary to avoid additional penalties, interest, and potential enforcement actions.
- You can dispute the notice if you believe there is an error, but you must provide supporting documentation.
- Options for resolving the notice include paying in full, setting up a payment plan, or negotiating a settlement.
- Failure to respond can result in severe consequences, including levies, liens, or damage to your credit.
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