IRS Notice CP162C: Penalty for a late or incomplete business return
IRS Notice CP162C is a balance due letter from the IRS. The IRS charged a penalty because a partnership or S corporation return was late or incomplete, a tracking report was missing, or it was not e-filed as required. It is about money the IRS shows as unpaid on your account.
What this letter usually means
The IRS charged a penalty because a partnership or S corporation return was late or incomplete, a tracking report was missing, or it was not e-filed as 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 CP162C notice
- Proof of a timely extension or timely mailing
- The missing information and a signed explanation
- 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 CP162C.
Common questions about CP162C
What is IRS notice CP162C?
The IRS charged a penalty because a partnership or S corporation return was late or incomplete, a tracking report was missing, or it was not e-filed as required.
How long do I have to respond to a CP162C 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 CP162C for more.
Is a CP162C notice a scam?
A real CP162C 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 CP162C notice?
The CP162C notice, Proof of a timely extension or timely mailing, The missing information and a signed explanation, 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 CP162C 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 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
- IRS Notice CP92: State refund taken, right to a hearing
- IRS Letter LT16: Unpaid balance or missing returns