What this notice is about This is an annual reminder of the shared responsibility payment for tax year 2016. What you need to do Read your notice carefully. Pay the amount due by the due date on the notice’s payment coupon or make payment arrangements, if you can’t pay the full amount you owe. Contact us immediately if you disagree with the changes we made. Frequently asked questions What is the shared responsibility payment (SRP)? It's the assessed payment for not having minimum essential health coverage for you and, if applicable, your dependents per Internal Revenue Code Section 5000A - Individual shared responsibility payment. What should I do if I disagree with the changes you made? Call us immediately at the toll-free number on the top right corner of your notice. What happens if I can't pay the full amount I owe now? You can apply for a payment plan online, mail us an installment agreement requestPDF form, or call us at the toll-free number on the top right corner of your notice. Am I charged interest on the money I owe? Not if you pay the full amount you owe by the date on the payment coupon. However, interest accrues on the unpaid amount after that date. See the interest explanation section of your notice. Will I receive a penalty if I can't pay the full amount? No. The law prohibits us from using liens or levies to collect any individual SRP. However, if you owe an SRP, we may offset that liability against any tax refund that may be due to you. What if I need to make a correction to my tax return? You'll need to file Form 1040-X, Amended U.S. Individual Income Tax Return. Tips for next year Consider filing your taxes electronically. Filing online can help you avoid mistakes and find credits and deductions that you may qualify for. In many cases you can file for free. Learn more about e-file. Reference tools Publication 1, Your Rights as a Taxpayer Notice Topic 651 Notice Topic 653 Full list of tax forms and instructions Need help? You can authorize someone to represent you before the IRS or inspect and/or receive confidential tax information. You may be eligible for free help from the Taxpayer Advocate Service (TAS). See if you qualify for help from a Low Income Taxpayer Clinic. You can request a copy of your notice or letter in Braille or large print. If you can’t find what you need online, call the telephone number on your notice or letter.
