What This Notice Means
You asked the IRS to credit an amount, such as an overpayment, to the tax period shown on the notice. The IRS couldn't credit the full amount you requested.
What to Do
You don't need to do anything right now. You should receive another notice within 45 days of the CP145 date with more information.
While you wait, it's smart to:
- check your business tax account online to see what you owe and verify your payment history,
- compare the changes to your tax return,
- correct the copy of your return you keep for your records,
- claim the proper amount of credit on your next return, and
- adjust your estimated tax payments or federal tax deposits.
Why This Matters
If you counted on that credit to cover part of next period's tax, you may now be short. A short credit can lead to an underpayment on the next period. Adjust your payments now instead of finding out later.
If You Disagree
Call the toll-free number on your notice within 60 days. When you call, say you received a CP145 and need to review your account. Have the notice and your return in front of you.
If you think the IRS misapplied a payment or didn't credit one you made, have your documentation ready, such as canceled checks or an amended return.
If you need to make another correction to your account, you'll need to file an amended return.
If You Can't Get Answers
If you've contacted the IRS several times without success, the Taxpayer Advocate Service, an independent organization within the IRS, may be able to help.
If you received a CP145 notice and the missing credit leaves you short, call us at (813) 229-7100.