What this notice is about We sent you this notice because your bank didn’t honor your payment. As a result, we charged you a penalty. What you need to do Read your notice carefully ― it explains your due date, amount due, and payment options. Contact us if you disagree. You may want to Learn more about how to make a payment plan. Frequently asked questions What happens if I can't pay the full amount I owe now? See if you may be able to set up a payment plan through our Online Payment Agreement Application or call us at the toll free number on the top right corner of your notice. What should I do if I disagree with the notice? Call us at the toll free number on the top right corner of your notice. Have your paperwork (such as cancelled checks, amended return, etc.) ready when you call. Am I charged interest on the money I owe? Not if you pay the full amount you owe by the notice payment due date. However, interest adds up on the unpaid amount after that date. Will I receive a penalty if I can't pay the full amount? Yes, you could receive a late payment penalty. You can call us at the number on your notice if you can't pay the full amount by your notice payment due date because of financial problems. We may be able to remove the penalty based on your situation. Reference Tools Publication 1, Your Rights as a Taxpayer PDF Publication 594, The IRS Collection Process PDF Form 656-B, Offer in Compromise Booklet PDF Form 9465, Installment Agreement Request PDF Notice 746, Information About Your Notice, Penalty and Interest PDF Full list of tax forms and instructions Need Help? You can authorize someone to contact the IRS on your behalf. See if you qualify for help from a Low Income Taxpayer Clinic. If you can’t find what you need online, call the IRS number at the top of your notice or letter.