What This Letter Means
Good news. Letter 590, No-Change Final Letter, tells you the IRS has closed the examination of your return with no change to your tax. The examiner's no-change report has been reviewed and accepted by IRS management. You don't owe anything more as a result of this audit, and you aren't getting a refund from it either.
During the audit, the examiner should have given you a no-change report marked as subject to approval. Letter 590 is the final word that the approval happened and the case is closed.
Partnerships, S corporations, and employee benefit plans usually get a different no-change letter, Letter 992. Letter 590 is used for other returns, including individual returns.
What to Do
- Keep this letter permanently with your return and audit file.
- Keep the records you used in the audit. If the same issues come up again, they help.
Why This Letter Matters Later
A closed examination is not easily reopened. Before the IRS can reopen a closed case and propose changes against you, it has to follow formal reopening procedures, including management approval.
This letter can also help if you are audited again. If you are an individual without a Schedule C or Schedule F, and one of your two prior years was audited on the same issues with no change or only a small change, you may qualify for repetitive audit procedures. That can end the new audit early. Show the examiner this letter.
Deadlines
None. No response is needed.
If the IRS is auditing you again or reopening a closed audit, call us at (813) 229-7100.