NOTICE CP163

IRS Notice CP163 is a reminder of past due employment taxes. Employment taxes are taxes that employers are required to withhold from their employees’ paychecks, such as Social Security and Medicare taxes. Employers are also required to pay a portion of these taxes themselves.

There are a few reasons why you might receive an IRS Notice CP163:

• You didn’t pay the employment taxes you owe on time.
• You failed to file Form 941, Employer’s Quarterly Federal Tax Return, on time or didn’t file it at all.
• There were errors on your Form 941, such as missing information or incorrect calculations.

• If you receive an IRS Notice CP163, the first thing you should do is read it carefully to understand how much money you owe and the deadline for payment. You should also review your Form 941 to make sure that there are no errors.
• If you agree with the amount that the IRS says you owe, you should pay it as soon as possible. You can pay online, by mail, or by phone. If you can’t afford to pay the full amount right away, you can contact the IRS to set up a payment plan.
• If you disagree with the amount that the IRS says you owe, or if you think there is an error on your Form 941, you can contact the IRS to dispute the notice. You will need to provide documentation to support your claim.

Here are a few tips for avoiding IRS Notice CP163:

• Make sure to pay your employment taxes on time.
• File Form 941 on time and accurately.
• Review your Form 941 carefully before you file it to make sure that there are no errors.
• If you have any questions about your employment taxes or Form 941, contact the IRS for assistance.