IRS Notice CP162A: Penalty for late partnership or S corp return
IRS Notice CP162A is a balance due letter from the IRS. The IRS charged a penalty because a partnership or S corporation return was late, or was not e-filed when required. Letters like this deal with an unpaid amount on an IRS account.
What this letter usually means
The IRS charged a penalty because a partnership or S corporation return was late, or was not e-filed when required. The amount on the letter is what the IRS shows today. Interest and penalties can change it, so the letter and your IRS Online Account are the places to confirm it.
Category: You owe a balance
What people usually do first
If you agree, mail the full payment by the date on your letter.
What to have ready
- The CP162A notice
- Proof of a timely extension or timely mailing
- A written reasonable cause explanation if you dispute it
- Proof of your partner count, or an e-file waiver
- Form 2848 if someone else will act for you
What may come next
This letter does not point to a specific follow-up letter. Any later step will be described in mail from the IRS.
Read the IRS page
The IRS letter itself is the final word on what it means for you. Read the IRS page for CP162A.
Common questions about CP162A
What is IRS notice CP162A?
The IRS charged a penalty because a partnership or S corporation return was late, or was not e-filed when required.
How long do I have to respond to a CP162A notice?
The date to respond or pay by, if there is one, is printed on your letter. Check it, and read the IRS page for CP162A for more.
Is a CP162A notice a scam?
A real CP162A comes by mail and should match your own records. You can also sign in to your IRS Online Account on irs.gov to see your account directly.
What should I have ready for a CP162A notice?
The CP162A notice, Proof of a timely extension or timely mailing, A written reasonable cause explanation if you dispute it, Proof of your partner count, or an e-file waiver, Form 2848 if someone else will act for you.
Scan your letter in the OweRight iPhone app
The OweRight app can tell you what a CP162A letter is and points you to the IRS page for it.
OweRight is not the IRS and does not give tax or legal advice.
Related notices
- IRS Letter LT11: Final notice of intent to levy
- IRS Notice CP521: Installment payment reminder
- IRS Notice CP14I: Balance due on IRA taxes
- IRS Notice CP504B: Notice of intent to levy
- IRS Notice CP90C: Assets levied and right to a hearing
- IRS Notice CP91: Intent to levy Social Security benefits