What This Notice Means

The IRS previously told you it couldn't apply the full amount you requested to your estimated taxes. This notice says the IRS has now applied an additional part of that amount to your estimated tax.

The notice shows the amount applied to the following year's taxes and lists the payments credited to your account for that tax period.

What to Do

If you agree with the notice, you don't need to do anything.

It's still worth a few minutes to:

  • compare the payments listed with your own records,
  • compare the changes to your tax return and correct the copy you kept,
  • check your business tax account online to see what you owe or verify your payment history,
  • amend your declaration of estimated tax payments, and
  • if needed, adjust your estimated tax payments or federal tax deposits to avoid an underpayment.

Be sure to claim the proper amount of credit on your next return.

If You Disagree

Call the toll-free number on your notice within 60 days of the notice date. Say you received a CP147 and need to review your account. Have the notice and your return ready.

If a payment was misapplied or not credited, have your documentation ready when you call, such as canceled checks or an amended return. If you need to make another correction to the account, you'll need to file an amended return.

If You Can't Get Answers

If repeated contacts with the IRS haven't solved the problem, the Taxpayer Advocate Service, an independent organization within the IRS, may help.

If you received a CP147 notice and your estimated tax credits still don't add up, call us at (813) 229-7100.