IRS Letter CP207
Why are you receiving this letter?
You received IRS letter CP207 because the IRS has not received an acceptable Record of Federal Tax Liability (ROFTL) section with your Form 941. In our Notice example, the IRS did not receive Schedule B from the 1st quarter Form 941 tax return.
Schedule B is for businesses that are required to make payroll tax deposits weekly or bi-weekly.
- No further action is required if you filed the missing schedule prior to receiving the notice.
- Promptly file the missing schedule.
- Your tax balance is less than $25,000.
- You don’t have unfiled tax returns.
- You are unable to pay back the taxes in full.
- You would like to discuss this with someone not working for the IRS to understand what is going on and the options you have.
- Your tax balance is greater than $25,000.
- You have unfiled tax returns.
- You are unable to pay back the taxes in full.
- You would like to negotiate down the tax balances.
What you should do?
Read your notice carefully. Complete and return the enclosed Schedule B as soon as possible.
What can you expect next?
The IRS will process the missing Schedule B. The IRS should send you a correspondence that the Schedule B was received and processed.
If you do not respond, the IRS may assess penalties and interest, as well as prepare and file Schedule B for you.
IRS letter CP207 is considered a tax bill. The IRS asks that you pay the balance due in full. You do have options.