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CP 260 Sample Contents

Contents of This Notice - Page 1 of 1

Credit Adjustment

«The Following Statement Prints For Notices Sent About Form 1120 Or 990C:»

We removed a credit for estimated tax payments and a credit for an amount overpaid on last year's return that was incorrectly applied to the above form and tax year. This notice shows the correct amount you owe IRS. We apologize for any inconvenience this may cause you.

«The Following Statement Prints For Notices Sent About All Other Forms:»

We removed a credit for an amount overpaid on your previous return that was incorrectly applied to the above form and tax year. This notice shows the correct amount you owe IRS. We apologize for any inconvenience this may cause you.

Account Balance Before Change

Amount Overpaid

 

$

(This may include payments you made after your return was filed)

Account Balance After Change

Incorrect Credit(s) Removed

$

 

Other Charges

$

 

Other Credits

$

 

Penalty Added

$

 

Interest Charged

$

 

Increase In Amount You Owe

 

$

Amount You Now Owe

 

$

You can avoid additional interest and penalties if you pay the amount you now owe by «due date» . If you believe the amount due is not correct, please call us at the number listed above. When you call, please have your payment information and a copy of your return available. This information will help us to resolve any discrepancies within your account. Make your check or money order payable to the United States Treasury. Write your Taxpayer Identification Number on your payment and mail it with the stub portion of this notice. An envelope is enclosed for your convenience.

Thank you for your cooperation.

One or more penalty or interest explanations may print here on the mailed notice.
Page Last Reviewed or Updated: 12-Mar-2014