{"id":1452,"date":"2023-02-04T04:05:42","date_gmt":"2023-02-04T04:05:42","guid":{"rendered":"https:\/\/taxreliefprofessional.com\/?page_id=1452"},"modified":"2023-08-30T14:22:38","modified_gmt":"2023-08-30T14:22:38","slug":"adjusted-refund-letter","status":"publish","type":"page","link":"https:\/\/taxreliefprofessional.com\/irs-demand-letters\/adjusted-refund-letter","title":{"rendered":"IRS Adjusted Refund Letter"},"content":{"rendered":"\n

<– Guide to IRS Demand Letters<\/a><\/p>\n\n\n\n

The Internal Revenue Service (IRS) communicates primarily through the U.S. Mail. Every letter requires action. Some only require a careful read-through, as it\u2019s only to give you information. Others require a response. If you received an adjusted refund letter from the IRS, it’s important to understand what it means. It may also be important to know how to respond if you disagree with the notice.<\/p>\n\n\n\n

Adjusted refund letters, also known as CP-12 Notices, notify taxpayers that the IRS has changed the amount of the refund they\u2019re due. This is generally due to a discrepancy in your tax return.<\/p>\n\n\n\n

Inconsistencies happen for several reasons, including calculation mistakes or missing forms. \u201cYour notice or letter will explain the reason for the contact,\u201d says the IRS<\/a>, \u201cand give you instructions on how to handle the issue.\u201d The CP-12 letter only requires a response if you disagree with it.<\/p>\n\n\n\n

It’s important to note that receiving one of these letters does not necessarily mean that you did anything wrong. \u201cEstimated tax payments are a common culprit in divergent refund amounts,\u201d says Bankrate<\/a>. For example, \u201cthe amount of tax on the return is calculated correctly, but the filer and IRS come up with a difference in the amount of tax paid.<\/p>\n\n\n\n

Regardless, it is important to take the notice seriously and take the necessary steps to address the issue. Furthermore, the IRS recommends filing future tax returns electronically. If you decide to hire a tax professional for help, make sure they have electronic filing capabilities.<\/p>\n\n\n\n

Understanding the IRS Adjusted Refund Letter<\/strong><\/p>\n\n\n\n

Information Section<\/em><\/p>\n\n\n\n

The notice number (CP-12) appears that the top of the letter. You can also find the tax year the letter refers to, the date of the notice, and your Social Security number. If it doesn\u2019t have these things, it may be a scam. Look carefully.<\/p>\n\n\n\n

Summary Section<\/em><\/p>\n\n\n\n

This is where you\u2019ll find the reason why the IRS sent the adjusted refund letter. It also notes the calculation and the new refund amount.<\/p>\n\n\n\n

Response Section<\/em><\/p>\n\n\n\n

You don\u2019t need to fill out this part of the form if you agree with the IRS\u2019s proposed changes.<\/p>\n\n\n\n

Explanation Section<\/em><\/p>\n\n\n\n

This section goes over the information in the summary section in more detail.<\/p>\n\n\n

\n
\n\n
\n
\n

\n Evaluate your tax situation\n <\/h2>\n

\n By evaluating your tax situation, you can identify areas where you may be able to reduce your tax burden and make informed decisions about your financial future.\n <\/p>\n \n \n\n\n

\n
\n
\n