Understanding Your CP501H Notice


What this notice is about

You have a balance due on your shared responsibility payment account.

What you need to do

  • Read your notice carefully. It explains your due date, amount due, and payment options.
  • Make your payment by your due date. Go to the payments page to find out more about your payment options.
  • You may want to view additional information pertaining to your tax account.

Frequently asked questions

What is the shared responsibility payment (SRP)?

The SRP amount that you owe is 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 happens if I can't pay the full amount I owe now?

You can apply online for a payment plan (including installment agreements).

Am I charged interest on the money I owe?

Yes. Interest will continue to be added if you don't pay the full amount you owe by the date on the payment coupon. 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 ReturnPDF.

What should I do if I have questions, or if I disagree with the changes you made?

Contact us at the toll-free number on the top right corner of your notice.

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.

Need Help?