The LTR 2802C communicates an adjustment to your employment tax account. This could involve corrections to wages and withholding, adjustments to tax deposits, penalty assessments or removals, or credits applied from overpayments. The letter explains the specific changes.
Verify Against Records
Compare the adjustment to your payroll records, Forms 941/940, deposit confirmations, and W-2/W-3 filings. Employment tax adjustments affect both the employer's account and employees' records, so accuracy is important. If the IRS adjusted your reported wages, the change may also affect employees' Social Security earnings records.
If the Adjustment Creates a Balance
Pay it promptly or set up a payment arrangement. Employment tax balances are treated more seriously than income tax balances because they involve trust fund taxes. The IRS pursues employment tax collection aggressively and may assess the Trust Fund Recovery Penalty against responsible individuals.
If your employment taxes were adjusted, call us at (813) 229-7100.