LP62 IRS Notice: What it Means and How to Resolve It

Last updated 10/30/2024 by

Silas Bamigbola

Edited by

Andrew Latham

Fact checked by

Ante Mazalin

Summary:

The LP62 IRS Notice informs taxpayers that a payment has been applied to their account. This could indicate either an additional balance due or a refund. It’s important for taxpayers to carefully review the notice and compare the information with their records to confirm accuracy. In this article, we will cover what the LP62 notice entails, how to respond, and steps you can take to ensure your tax situation remains in good standing.

Receiving a notice from the IRS is always an important moment for any taxpayer. The LP62 IRS Notice specifically informs you that a payment has been applied to your account. This can be either a positive notification about an upcoming refund or a more serious alert about a tax balance due. Either way, it’s crucial to understand the contents of this notice so you can take appropriate action if necessary. In this comprehensive guide, we’ll explain everything you need to know about the LP62 IRS Notice, how it affects your taxes, and what steps to follow after receiving it.

Get Competing Personal Loan Offers In Minutes

Compare rates from multiple vetted lenders. Discover your lowest eligible rate.

Get Personalized Rates

It's quick, free and won’t hurt your credit score

What is the LP62 IRS notice?

The LP62 IRS Notice is sent when the IRS applies a payment to a taxpayer’s account. It could be related to an overpayment from a previous year, a correction made after processing your tax return, or a refund that was incorrectly credited. This notice serves as a formal acknowledgment of the payment and includes the details about when the payment was applied and how it affects your current tax balance.

The notice will specify whether the payment resulted in a balance owed or if you are due a refund. If the notice indicates a refund, no further action is needed unless the refund does not arrive within the stated timeframe. However, if the notice reflects an outstanding balance, you will need to act promptly to avoid penalties or interest from accruing.

Struggling with IRS notices? If you’ve received an IRS letter and aren’t sure how to handle it, you might want to explore professional tax relief options. Optima Tax Relief has helped thousands of people resolve their tax issues and get back on track with the IRS. Learn more about how they can assist you with your situation.

Why did I receive an LP62 IRS notice?

Taxpayers typically receive an LP62 IRS Notice when the IRS processes a payment on their account. The reasons for receiving this notice can vary. Common causes include:

The IRS has applied a payment you made earlier towards an outstanding balance.
An overpayment from a previous tax year has been applied to your current tax balance.
A refund owed to you has been processed, and this notice confirms the amount and timeline for receiving it.
Corrections or adjustments were made to your account, and a payment was applied as a result.

Pro Tip

Set up IRS account alerts online to get real-time notifications on any changes to your tax return or account. This helps you stay updated on adjustments and due dates.

How does the LP62 IRS notice affect you?

The impact of an LP62 IRS Notice depends on the nature of the payment applied to your account. If the notice reflects a refund, it confirms the amount and provides an expected timeframe for receiving the refund, which is typically 2-3 weeks. If the notice shows an outstanding balance, it means you still owe taxes, and you must pay the amount listed by the deadline to avoid penalties or interest.

In both cases, the notice requires careful review. If the payment applied is unexpected or seems incorrect, you may need to compare the information with your own records to ensure there are no errors. For instance, if you’ve already made a payment that is not reflected, or if the payment is from a different tax year, reaching out to the IRS can help clarify any discrepancies.

What should you do when you receive the LP62 IRS notice?

The steps to take after receiving an LP62 IRS Notice depend on the information provided in the notice. Here’s a breakdown of what you should do:

Review the notice carefully. Take note of the date and amount of the payment applied.
Compare the details of the notice with your tax records to ensure accuracy.
If the notice shows you owe taxes, pay the amount by the deadline indicated to avoid additional penalties or interest.
If you believe the payment was applied incorrectly, contact the IRS using the phone number provided on the notice or send a written request for correction.
If the notice indicates a refund, no further action is needed unless the refund is delayed beyond 2-3 weeks. In such cases, contacting the IRS can help resolve the delay.

How to respond to the LP62 IRS notice

Steps to take when responding to an LP62 IRS notice

When receiving an LP62 IRS Notice, it’s important to act promptly to avoid complications. Here’s how to effectively respond:

First, read the notice in full to understand the payment applied to your account.
If the notice indicates an amount due, pay the amount by the specified deadline. This can be done online via the IRS’s payment portal, by phone, or by mail.
If you’re unable to pay the full amount, consider setting up a payment plan with the IRS. You can learn more about installment payment options on their website or by calling their hotline.
If there’s a discrepancy, contact the IRS immediately. You can call the number provided in the notice or send a letter detailing the correct payment information.

Pro Tip

Always keep a record of your IRS notices and payments. Having accurate records will help you quickly resolve any discrepancies that arise with your LP62 IRS notice.

Other options for managing LP62 IRS notice

In addition to the basic steps above, there are other ways you can manage your LP62 IRS Notice, especially if you’re facing financial challenges or believe there’s been an error.

Consider seeking assistance from a tax professional. Certified tax professionals, such as CPAs or enrolled agents, can review your notice and help you navigate the process of resolving any issues with the IRS.
Set up a payment plan. If you owe taxes but can’t pay in full, the IRS offers installment plans that allow you to pay off your debt over time. You can apply for a payment plan directly through the IRS website.
If you think the IRS applied the wrong payment or there is an issue of identity theft, it’s important to act quickly. Report any discrepancies to the IRS and consider applying for an Identity Protection PIN to secure your future filings.

Potential penalties or next steps if you don’t respond to the LP62 IRS notice

Ignoring an LP62 IRS Notice can lead to significant consequences. Failing to respond to the notice or neglecting to make a payment if an amount is due can result in:

Accrual of penalties and interest: The IRS applies penalties and interest to overdue tax amounts, which can increase the total balance owed over time.
Tax liens or levies: If the outstanding balance remains unpaid, the IRS can place a lien on your assets or levy your bank accounts, wages, or other sources of income.
Negative credit impact: A tax lien or other enforcement actions by the IRS can negatively affect your credit score and overall financial standing.

It’s critical to respond to the LP62 notice as soon as possible. Even if you are unable to pay the full amount, making partial payments or setting up a payment plan will show the IRS you are taking steps to address the issue, which can help avoid more severe penalties.

Pro Tip

If you can’t pay the full amount owed, set up an installment agreement with the IRS early to avoid accruing interest and penalties on your balance.

What potential outcomes are possible?

Responding to an LP62 IRS Notice promptly and appropriately can lead to several potential outcomes:

Refund issued: If the notice indicates a refund, you should receive your refund within 2-3 weeks of the notice date. If there are no other complications, no further action will be required.
Balance due: If the notice shows a balance due, paying the amount by the deadline will resolve the issue. If you can’t pay in full, setting up an installment plan will help prevent additional penalties and interest.
Discrepancy resolution: If you believe the payment applied to your account is incorrect, contacting the IRS will help resolve the issue. They may adjust your account based on the correct payment information or guide you through resolving any identity verification issues.
Potential IRS enforcement: Failing to act on the LP62 notice can lead to enforcement actions, such as tax liens, levies, or garnishment of wages. It’s essential to respond to the notice and take action, even if you are disputing the details.

Further support options for addressing the LP62 IRS notice

If you’re unsure how to proceed after receiving an LP62 IRS Notice or if you need assistance resolving an issue with the IRS, there are several resources available to help you:

Certified tax professionals: Consulting a tax professional, such as a CPA or enrolled agent, can provide you with expert guidance. They can help you understand your notice, resolve disputes, and ensure you follow the correct steps.
IRS Taxpayer Advocate Service (TAS): The TAS is an independent organization within the IRS that helps taxpayers who are facing financial difficulties or unresolved issues with the IRS. You can contact the TAS for additional support if you’re struggling to resolve your LP62 IRS Notice.
IRS website: The IRS website offers numerous resources, including frequently asked questions (FAQs), payment options, and forms for setting up payment plans. This can be a helpful starting point for managing your LP62 notice.
IRS phone support: If you have specific questions about your notice or need help resolving an issue, you can contact the IRS directly using the phone number listed on your LP62 notice.

Looking for the best way to reduce your tax burden? We’ve compiled a list of the Best Tax Relief Companies to help you navigate tax challenges and save money. Click here to discover trusted experts who can assist you with tax resolution, IRS negotiations, and more!

Frequently asked questions

How do I know if the IRS made a mistake in applying a payment?

If you receive an LP62 IRS Notice and believe that the payment applied does not match your records, you should first verify all payments you have made to the IRS. Check your bank statements or other payment records to confirm the amount and date of your payment. If the information on the LP62 notice doesn’t match, or if you believe the IRS applied a payment incorrectly, contact the IRS directly using the phone number listed on the notice or send a written request for correction.

What should I do if I can’t pay the amount shown on the LP62 IRS notice?

If the LP62 notice indicates that you owe a balance but you cannot pay the full amount, you should explore payment options. The IRS offers installment agreements, which allow you to pay off your debt in smaller monthly payments. You can apply for a payment plan on the IRS website or by contacting their support team. Make sure to pay as much as you can by the due date to reduce potential penalties and interest.

What happens if I lose my LP62 IRS notice?

If you’ve misplaced your LP62 notice, you can still access your IRS account details by logging into the IRS’s online portal. Through your online account, you can view and download recent notices, check the status of payments, and update your communication preferences. If you need help recovering the details of your LP62 notice, contacting the IRS by phone is another option.

How can I avoid receiving future IRS notices?

While it’s impossible to avoid all IRS notices, there are ways to reduce your chances of receiving certain ones, like the LP62 notice. Filing your tax returns electronically is one of the most effective methods. E-filing helps reduce errors and ensures faster processing of your payments and refunds. Keeping accurate records of your payments and checking for discrepancies can also help you avoid confusion in future tax years.

Can I dispute the LP62 IRS notice online?

In most cases, you will need to respond to the LP62 IRS Notice by mail or phone, especially if there is a discrepancy or if you need to submit supporting documents. However, you can manage certain aspects of your IRS account, such as viewing notices or making payments, through the IRS’s online portal. If the issue is straightforward, such as needing to set up a payment plan, you can resolve that online. More complex disputes, however, may require additional documentation and direct communication with the IRS.

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.

IRS Letter or Notice Number

Notice Description

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 LP62 IRS Notice informs you that a payment has been applied to your account, either resulting in a refund or an amount due.
If you owe money, pay the amount by the due date to avoid penalties and interest.
If you’re due a refund, no further action is required unless the refund does not arrive within 2-3 weeks.
Review the notice carefully to ensure the payment applied matches your records.
Contact the IRS immediately if you believe an incorrect payment was applied or if you need assistance resolving the issue.

Show Article Sources

Share this post:

Table of Contents