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IRS Letter Decoder

IRS CP162: Late Filing Penalty: Partnership or S Corporation

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What this letter means

A penalty for filing a partnership or S corporation return late or without all required information.

Why you probably got it

The return was filed after the due date or missing information.

Your deadline

Pay or respond by the date on the notice.

What to do next

  1. Check whether the return was really late.
  2. Ask about first-time penalty abatement or reasonable cause relief.
  3. Small partnerships may qualify for special relief.
Scam check: The IRS starts contact by mail. It will never demand payment by gift card, wire transfer, or cryptocurrency, or threaten immediate arrest. Pay only at IRS.gov or by check to the U.S. Treasury, and confirm any phone number at IRS.gov before calling.

This is general information, not legal, tax, or financial advice for your specific situation. Every case is different. Always check the dates and amounts printed on your own documents.

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