IRS NOTICE REFERENCE
Understanding your CP162B notice
We charged you a penalty because: your partnership or S corporation return was incomplete or, you didn't file your return electronically, as required.
General information only. Not legal or tax advice.
Notice details
- Notice code
- CP162B
- Category
- Penalty
- Severity tier
- Tier 2 — Action or response expected. The IRS has taken or proposed an action and expects a response or payment.
- Governing law
- §6651; §6662; §6751 (Internal Revenue Code sections)
- Source
- IRS.gov — Understanding Your IRS Notice
What this notice is
We charged you a penalty because: your partnership or S corporation return was incomplete or, you didn't file your return electronically, as required.
Source: IRS.gov. Reproduced for reference. General information — not legal or tax advice.
What the IRS says to do
If you agree with the penalties, mail your full payment to us by the date shown on your letter to avoid additional interest charges. If you think we incorrectly charged a penalty and you meet any of the criteria below, an authorized officer or partner can call us at 800-829-0922 to discuss the account: We charged a penalty against the partnership for failure to file electronically and it has fewer than 101 partners or it received a waiver of the requirement to file electronically for the year in question. Be prepared to provide a copy of the waiver or evidence of the number of partners in the partnership at any time during the year. We charged a penalty against the partnership or S corporation for failure to include all required information on its return and you believe the missing information wasn’t required. Be prepared to explain why the missing information wasn’t required. We charged a penalty against the partnership for failure to file electronically and it has fewer than 101 partners or it received a waiver of the requirement to file electronically for the year in question. Be prepared to provide a copy of the waiver or evidence of the number of partners in the partnership at any time during the year. We charged a penalty against the partnership or S corporation for failure to include all required information on its return and you believe the missing information wasn’t required. Be prepared to explain why the missing information wasn’t required. If we correctly charged the partnership or S corporation a penalty for failure to include required information, you should submit the missing information as soon as possible. The penalty continues to accrue until we receive the missing information, for up to 12 months. If you believe the partnership or S corporation had reasonable cause for not including the information, send a written explanation with the missing information, signed under penalty of perjury. Mail your documents to the IRS office where you filed the return. We’ll notify the partnership or S corporation if we accept your explanation. If the partnership is a small partnership of 10 or fewer partners and we assessed a penalty for filing late or for failure to include required information, it may qualify for a waiver of the penalty under Revenue Procedure (Rev. Proc.) 84-35. Note: For the purpose of this penalty a Real Estate Mortgage Investment Conduit (REMIC) is treated as a partnership, and a REMIC return (Form 1066) is treated as a partnership return. Note: For the purpose of this penalty a Real Estate Mortgage Investment Conduit (REMIC) is treated as a partnership, and a REMIC return (Form 1066) is treated as a partnership return.
This is the IRS’s own guidance reproduced from the IRS notice page. It describes the IRS’s process — it is not legal or tax advice from TaxRiskOS.
Governing IRS procedure (Internal Revenue Manual)
The IRS’s own internal procedures for handling this notice type are documented in the Internal Revenue Manual:
Reference to published IRS procedure. General information — not legal or tax advice.
Official IRS reference
Read the official notice page on IRS.gov: https://www.irs.gov/individuals/understanding-your-cp162b-notice
Related tools
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