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CP124 notice: what it means and what to do

Got an IRS CP124 notice? Here is what it means, your deadline, what to check before you answer, and how to reply. Check your own letter free: it stays on your phone.

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What the IRS says this notice is about

We made changes to your excise tax return because we believe there was a miscalculation. As a result of these changes, there is a balance due of less than $1.

What you need to do

Your deadline

The IRS page for this notice mentions 30 days. Always use the date printed on your own notice.

What to check before you answer

You have 60 days to disagree

If you disagree with the change and ask in writing within 60 days of the notice date, the law requires the IRS to reverse it. If the IRS still disagrees, it must then use the regular process, which keeps your appeal rights.

Is this letter really from the IRS?

The IRS writes first by mail. A real letter shows a notice or letter number, your name and part of your tax ID number. The IRS does not ask for payment by gift card, crypto or wire transfer. If in doubt, sign in to your IRS online account, where many notices are listed.

Common questions

How can I find out what caused my tax return to change?

Please contact us at the telephone number listed on t your notice for specific information about your tax return.

What should I do if I disagree with the changes you made?

If you disagree, contact us at the telephone number listed on your notice or respond in writing within 30 days of the date of the notice. If your response provides us with additional information that justifies a reversal of the change, we’ll reverse the change we made to your account. If you agree with the change, please correct your records and no further action is required.

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Related notices

Source

  1. IRS: Understanding your CP124 notice