Understanding Your IRS CP12 Notice

A CP12 notice informs you that the IRS made corrections to your tax return, which resulted in a refund, a reduced balance, or confirmation that no additional amount is due.

Adjustments Made to Your Tax Return Resulting in a Refund or No Additional Tax Owed

Notice Type: Adjustments Made to Your Tax Return Resulting in a Refund or No Additional Tax Owed

What Does a CP12 Notice Mean?

The IRS issues a CP12 notice when they identify an error on your tax return during processing and make corrections. These changes often result in a refund, a reduced balance, or confirmation that no further payment is required. This notice outlines the adjustments made and provides a summary of your updated tax status.

Why Did I Receive a CP12 Notice?

• Calculation Errors: The IRS corrected math errors or miscalculations on your return.
• Tax Credit Adjustments: Credits such as the Earned Income Tax Credit and Child Tax Credit were adjusted.
• Payment Discrepancies: The IRS reconciled differences between the withholding or estimated payments you reported and their records.
• Processing Updates: A review or update to your return resulted in changes that affected your tax liability.

What Should I Do Next?

1. Review the Notice: Carefully read the CP12 notice to understand the corrections and updated amounts.
2. Compare to Your Return: Match the IRS adjustments to your original tax return and confirm their accuracy.
3. Take Action (If Needed):
   • If You Agree: No further action is necessary unless the IRS requests additional steps. Refunds, if due, will generally be issued within 4-6 weeks.
   • If You Disagree: Respond within 60 days of the notice date. Provide documentation to dispute the changes and request a review.

Still need a little help?

Take our word for it: don't procrastinate! If you do, you might end up owing even more due to penalties and interest. If you're feeling unsure about what to do or if things seem too complicated, don't worry! You can always reach out to a local tax pro for some help. Or, if you prefer, you can chat with our team at Protection Plus to see if our on-demand option works for you. We'll walk you through everything you need to do and can even handle talking to the IRS if it's necessary. Check out our on-demand availability here: https://new.taxprotectionplus.com/contact-us