What This Notice Means
IRS records show you overpaid your Branded Prescription Drug Fee. The IRS needs you to confirm whether the payment was meant for another fee year, or tell it where you want the overpayment applied.
What to Do
Call the number on your notice within 30 days of the notice date. The line is open between 8 a.m. and 4:30 p.m. Central Time. When you call:
- Identify your payments by tax form, fee year, and amount.
- Tell the IRS if any of your payments were misapplied.
- Tell the IRS where you want the overpayment applied.
Before You Call
- Pull your Letter 4658, Final Fee Calculation, for the fee year.
- Gather your payment records, including dates, amounts, and the fee year each payment was meant for.
- Have your Form 8947, Report of Branded Prescription Drug Information, available.
The goal is to match each payment to the right fee year. Having the payment trail in front of you makes the call short.
Overpayment vs. Refund
An overpayment happens when you pay more than you owe. It can be refunded to you or applied to other taxes. That choice is what this call is about.
Getting Help
Calling the number on your notice is the fastest way to get answers. You can also authorize someone, such as an accountant or attorney, to contact the IRS for you by filing Form 2848, Power of Attorney and Declaration of Representative.
Keep a written record of the call: the date, the representative's name or ID number, and what was agreed. Follow up if the account doesn't reflect the change.
If you received a CP267A notice and the fee payments on your account don't line up, call us at (813) 229-7100.