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IRS CP 267- Account Overpayment

IRS uses CP267 to notify you that the amount of credits (federal tax deposits or estimated payments) you claimed on your tax return for the tax period shown on your notice and the amount of credits that were applied to that year are different.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

IRS CP 267- Account Overpayment

 

IRS uses CP267 to notify you that the amount of credits (federal tax deposits or estimated payments) you claimed on your tax return for the tax period shown on your notice and the amount of credits that were applied to that year are different. This created an overpayment on your account. If the IRS does not hear from you, they will refund the overpayment unless you owe other tax or debts and the IRS was required to collect.

 

What do you need to do?

  1. Read the notice carefully. It will show the dates and amounts of the payments The IRS applied to your account.
  2. Review your tax return and your records for any payments or credits you claimed for that year.
  3. If you agree with the notice, call the IRS at the number listed on the notice to request a refund. You should also correct your copy of the tax return in your records.
  4. If you disagree with the notice, contact the IRS within 30 days from the date of your notice to tell them where we should apply the payments.
  5. If they don't hear from you, the IRS will assume you agree with the notice and you’ll receive a refund check within 15 weeks from the date of the notice, as long as you don’t owe other tax or debts the IRS was required to collect.

 

What are your options?

 

 

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What is my first step?

If you received a letter or notice, a decision has to be made. Do you feel confident to handle this situation on your own? If it is a simple issue and you already know the answer, call or write them. If the issue is more complicated, you need to hire a Certified Tax Resolution Specialist. The IRS or State will take full advantage of your lack of knowledge and experience.

What is Your Next Step?

The next step is to determine if the notice was sent in error. Do you have an outstanding tax liability? Do you have unfiled or incomplete returns?

Is There a Time Limit?

Yes, each letter or notice from the IRS or State will indicate a date that you MUST to contact them by. If you need more time, call the number on the notice or letter and request an extension. DO NOT ALLOW the time to expire without contacting them or hiring a representative to contact them for you.

What You Don’t Want to Do!

What you don’t want to do is nothing. Your tax problems will only get worse if you ignore them. If you cannot pay, there are a number of potential solutions available to those who are otherwise in compliance. In compliance means having all tax returns filed and any balances paid or on a payment plan. If you have outstanding debts or unfiled returns, you need to get hire a Certified Tax Resolution Specialist.

Get Some Help

If you don’t know how to address the issue(s), have unfiled return/unpaid balances or just done feel confident, let the experts at Legacy Tax & Resolution Services represent you. Work with our team of Certified Tax Resolution Specialists to resolve your issue(s) quickly. Best of all, you don’t have to talk to the IRS or State; we can speak on your behalf.

 

 

Download our Special Report “ I Just Received an IRS Notice, What Do I Need To Know?”

In it you will find next steps, dos and don’t and information about your options

 

 

 

 

 

 

 

 

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Stop the stress and resolve your problems!

 

Call 800-829-7483 for a FREE Consultation

 

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Also See

Can I Go To Jail For Owing Taxes?

Why Shouldn’t I Just Use my Own CPA or Attorney to Help Me With This Tax Problem?

What is an Offer in Compromise in a nutshell?

I have Let This Get Out of Control. How Soon Could You Start Working On My Behalf?

How are you compensated?

Several Tax Resolution Companies have called Me! Why Should I Hire Legacy Tax % Resolution Services?

Do I Need Local Tax Representation?

How Do I Know If My Situation Qualifies to Have my Tax Bill Reduced?

How Long Does the IRS Have to Collect Back Taxes From Me?

I Have a Deadline With the IRS (or State) Right Around the Corner. Is It Too Late for Legacy Tax & Resolution Services to Help?

 

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