IRS Notice CP259 | Understanding IRS Notice CP-259- Missing business form

IRS Notice CP259 Business Notices

The IRS uses Notice CP259 to inform you that they have not received a specific business form from you, usually Form 941 or Form 940. There are several versions of the Notice CP259 used for various reasons:

CP259A

CP259B

CP259C

CP259D

CP259E

CP259F

CP259G

CP259H

You Filed Your Return

If you did file a return, you are would want to gather proof of mailing. The certified return receipt is the best evidence of filing. The green card provides proof that you filed the return and the date it was received. If you have the certified mailing receipt, you can argue about the filing date, and there is a procedure for this.

But, unless you have the mailing receipt, it is usually better to re-file your return.

You Did Not File Your Return

This is a wake-up call that the return needs to be filed.

This is NOT an audit and only becomes one based on the information provided on the return. The fact that you are filing one or more back returns does increase your chance of being audited.

The IRS can’t enforce collection against you until you file a return or do a “Substitute For Return” and assess the tax.

Filing many back returns without an Action Plan, especially for payroll reports, is not in your best interest. Typically, it is best to prepare all the missing returns, form a Plan of Action for resolution, and then file all the returns to the correct IRS address.

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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 problem 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 you MUST contact them. If you need more time, call the number on the notice or letter and request an extension. Please 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 several potential solutions available to those 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 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.