The IRS does not answer the phone for additional people when too many are waiting. Bookkeeping cp12 4/14 estimated 4 to 8 weeks still waiting 4 weeks less. Over $1M, 1-10 What is a CP12 notice? For starters, you received an IRS Notice CP12 because the IRS corrected one or more mistakes they believe were made on your tax return. I got a letter or notice from the IRS - Intuit The notice will list an IRS number you can call to get more details on this adjustment. [deleted] 1 yr. ago. In many cases you can file for free. H&R Block is a registered trademark of HRB Innovations, Inc. Unsure, Tax planning State thank you so much!! 10.0William David Hartsock It will typically be one of these addresses depending on which IRS office is handling your income tax return. Receive IRS Notice CP11? Miscalculation & Balance Due - TaxCure The CP12 states "We changed the amount of tax shown on your return because the amount entered was incorrect based on your taxable income and filing status." I checked my w2 inputs - all correct. For example, you might have filled out a form incorrectly and the IRS tried to fix it by giving you a refund. If you receive IRS Notice CP12, be sure to review it thoroughly. Many taxpayers have more money withheld from their paychecks throughout the year than is needed to cover their tax liability. I received a cp12 letter and was told my error in my dependent info and gross amount. As an independent organization within the IRS, the Taxpayer Advocate Service helps taxpayers resolve problems and recommends changes that will prevent problems. More than 20, Cost Bookkeeping Business You have an overpayment when you thought you owed money or had an even balance. To get professional help determining what you may qualify for and to stop IRS collections, fill out the information below. ago. However, a CP12 notice often results in a higher refund amount or lower tax balance due, while a CP11 . I authorize Jackson Hewitt or someone on their behalf to deliver or Do you need an advocate for your tax issue? Review the notice and compare our changes to the information on your tax return. A CP12 notice is a letter sent by the IRS to notify you of a math error in calculating your tax refund. If you don't contact us within the 60-day period, changes we made to reduce your refund will not be reversed and you'll lose your right to appeal our decision in the U.S. Tax Court. The IRS sends a CP12 notice when it believes you made a mistake on your tax return that changes your expected tax refund. This is after all of the correspondence between irs and myself. This is the best information and suggestions I have found about the notice. This sample notice is for example purposes only. You may also be able to file an amended return to get a refund for the second mistake. Tax preparation Keep in mind that if you just accept the smaller refund without questioning it, you may lose the right to claim the rest of your refund especially if the deadline to amend your tax return has passed. It only takes a few minutes, and youllget: or Call 855-476-6920 to speak with a tax specialisttoday! A CP12 Notice is sent when the IRS corrects one or more mistakes on your tax return which either result in a different refund amount, or in an overpayment when you thought you owed. Each one is different, but we can explain what the CP12 is about. If youve been trying to call the IRS and cant get through, see this post. If you want a more detailed explanation, the CP12 notice will include a toll-free number in the top right corner that you can use to contact the IRS. In both of these cases, the IRS stated that the taxpayers had reported incorrect stimulus payments or Recovery Rebate Credit amounts on their respective tax returns. An official website of the United States Government. Notice CP12 - TAS - Taxpayer Advocate Service By submitting this form, I agree to be contacted by Tax Defense Network and/or MoneySolver, including calls, texts (text messaging rates may apply) and/or emails. If any corrections are needed on your 2022 Return by the IRS, they will issue you a notice as shown below. You may be able to see your CP12 refund status if the IRS held your original refund pending the changes. State If you agree with the changes the IRS made, you'll need to: Pay the amount owed by the date on the notice (see the electronic payment options ). You dont need to provide an explanation or additional documents when you request the reversal, but the IRS will consider any information you provide. It could be something really small like you filled something out incorrectly but fixing it didnt change the final numbers. If I See here for info on the IRS phone problems. I agree with the information in the CP12 notice sent to me dated April 18, 2022. Tax liens, levies, or penalties this is for tax year 2021. At this point, they might actually even be busier first thing in the morning since everyone has been trying that trick. The IRS would usually need to request additional information before making an eligibility adjustment. [CDATA[// >