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? LTR2057C
- What government agency sends this notice? The Internal Revenue Service (IRS)
- What is this notice about? The IRS found a difference between what you reported on employment tax returns (Forms 941, 943, 944, or Schedule H) and what you reported on Form W-2. Because the IRS didn’t receive the requested W-2 details, they’ve imposed a civil penalty. This penalty will remain and accrue interest until you either pay it or provide the missing information.
- What should you do if you receive this notice? If you haven’t yet sent the requested information, do so promptly. Make sure to correct your employment tax returns if needed, and address the penalty by remitting payment or working with the IRS to resolve it.
FAQs & Additional Information
- Can the penalty be reduced or removed? If you submit the missing information or show you had reasonable cause for late/incomplete filing, the IRS might adjust or abate the penalty.
- What if I need more time or can’t pay right away? The penalty and interest accrue until fully paid. You can discuss payment options by calling the IRS.
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.
