LETTER 1862

IRS Letter 1862 is an initial contact letter sent to taxpayers who have not filed a federal tax return for the year shown on the notice. The IRS may send this letter if they have received income information reported under the taxpayer’s taxpayer identification number from others, such as employers, financial institutions, and other payers.

There are a few reasons why you might receive an IRS Letter 1862:

• You forgot to file your tax return.
• You moved and didn’t update your address with the IRS.
• Your tax return was lost or misplaced.
• You owed taxes and didn’t pay them, so the IRS filed a return for you.

If you receive an IRS Letter 1862, you should take the following steps:

1. Review the letter carefully to understand what the IRS is asking for.
2. If you agree with the information on the letter, you can simply sign and return it.
3. If you disagree with the information on the letter, you can file an original tax return.
4. If you owe taxes, you can pay them in full or set up a payment plan.

The best way to avoid receiving an IRS Letter 1862 is to file your tax return on time and accurately. If you cannot file your tax return on time, you can file an extension.

Here are some additional tips to help you avoid receiving an IRS Letter 1862:

• Keep your tax records organized and up-to-date.
• Update your address with the IRS if you move.
• If you have a tax professional prepare your tax return, make sure they are reputable and qualified.
• If you owe taxes, make sure to pay them on time or set up a payment plan.