IRS Letter CP215
Why are you receiving this letter?
Your business has employees and is responsible for filing payroll tax forms such as Form 941, Employer’s Quarterly Federal Tax Form. You are receiving IRS letter CP215 because the IRS received Form 941 filed by the business, but did not receive copies of Form W-2, Wage and Tax Statement given to employees. As of result, the IRS charged your business a penalty for failure to file Form W-2.
- 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. File the missing Form W-2 as soon as possible. If this is the first time making this mistake, you could request the penalty to be removed under the First Time Penalty Abatement program.
If you disagree with the notice because the business did file Form W-2 timely, then we recommend you contacting the IRS at the number on the top right hand corner. You should have proof of filing Form W-2 on hand when calling the IRS.
What can you expect next?
IRS letter CP215 is considered a tax bill. The IRS asks that you pay the balance due in full. You do have options. If the tax bill is left unpaid, the IRS may move forward with filing Federal Tax Liens and/or Tax Levies on your wages, bank accounts, state & federal tax refunds, etc.