Receiving a tax notice or letter is never a pleasant experience. It can be confusing and frustrating if you don't understand why you received the notice in the first place. That's why we wrote The Ultimate Guide to Tax Notices and created a tax notice library filled with the most common tax notices and letters you might receive. We believe the process of staying compliant with your taxes should be as effortless as possible.
General Information
- What is the notice number? LTR112C
- What government agency sends this notice? The Internal Revenue Service (IRS)
- What is this notice about? The IRS is holding money in your account and invites you to file a missing return. It implies you may receive a refund (or an offset against other taxes) if you file on time. However, if you don’t file within three years, you lose the refund opportunity—even though you’re still required to file eventually.
- What should you do if you receive this notice?
- If you’ve already filed, gather proof (like a certified mailing receipt).
- If you haven’t filed, request your Wage & Income Transcripts from the IRS to ensure your return is accurate.
- Consider personal changes (marriage, divorce) before filing.
- Avoid rushing if you might owe—form a plan to manage back taxes.
- Remember the three-year window for claiming a refund. After that, refunds expire, but the IRS can still assess tax on unfiled returns.
FAQs & Additional Information
- Is Letter 112C the same as an audit? No, it’s not an audit. It’s simply a request to file a missing return.
- What if I’m missing documentation? Request transcripts by calling 1-800-829-1040 or use the IRS online tools to see what’s on file.
- I already filed—what now? Provide proof you filed (certified mail receipt or other documentation). If you can’t prove it, you may want to re-file.
- Will the IRS take my refund for other debts? If you owe other taxes or certain debts, the IRS can apply the refund to those balances instead of issuing you a check.
- Does filing late returns increase my audit risk? Filing multiple back returns can draw attention, but it’s necessary to stay compliant and could still qualify you for a refund if you’re within the three-year window.
- Why not file right away if I’m behind? It’s wise to review all details first and develop a plan—especially if you’ll owe or have multiple unfiled years.
What does it look like?
How can we help you today?
Are you looking for more information about your tax notice or other challenges? DiMercurio Advisors has a dedicated team supporting tax notices, audits and more. We are passionate about ensuring you are well-informed and in control of your tax situation.
