LETTER 4903

IRS Letter 4903 is a notice sent to taxpayers who have not filed their tax returns for the tax years listed on the letter. The IRS may send this letter if they have no record of receiving your tax return, or if they have received an incomplete or incorrect return.

There are a few reasons why you may have received IRS Letter 4903:

• You forgot to file your tax return.
• You mailed your tax return, but it was lost or never arrived at the IRS.
• You e-filed your tax return, but there was a problem with your submission.
• You filed a paper tax return, but it was incomplete or incorrect.
• You have self-employment income or a capital gain that the IRS is aware of.

You should take the following steps if you receive IRS Letter 4903:

1. Review the letter carefully to make sure you understand what the IRS is asking for.
2. If you have already filed your tax return, gather a copy of your return and any supporting documentation.
3. If you have not filed your tax return, file it as soon as possible.
4. You can file your tax return electronically, by mail, or in person at an IRS office.
5. If you have any questions or concerns, contact the IRS at the phone number listed on the letter.

Why is it important to respond:

It is important to respond to IRS Letter 4903 as soon as possible. If you do not respond, the IRS may file a tax return for you based on the information they have available. This may result in you owing more tax than you would if you had filed your own return.

What are the penalties for not filing a tax return:

If you do not file a tax return, you may be subject to a penalty of 5% of the unpaid tax for each month your return is late, up to a maximum of 25%. You may also be subject to interest on the unpaid tax.

The best way to avoid receiving IRS Letter 4903 is to file your tax return on time and accurately. You can also make sure that the IRS has your correct contact information so that they can reach you if they have any questions about your return.