Federal · Internal Revenue Service
Late or incomplete partnership or S corporation return
CP162 · CP162A · CP162B · CP215 · CP161
- What it is
- A per-partner or per-shareholder, per-month penalty for a Form 1065 or 1120-S filed late, filed incomplete, or filed without the required K-1s. CP161 is the plain balance-due notice for a business account; CP215 is the civil-penalty version. These penalties qualify for first-time abatement when the three prior years were clean, and for reasonable cause otherwise.
- The clock it starts
- Pay or respond by the date on the notice. An abatement request can be made at any time while the account is open; the earlier it is made, the less interest runs.
- What a response has to establish
- A request that states which relief applies, first-time abatement with the compliance history or reasonable cause with the facts of the failure, and asks for removal of the penalty and the interest on it.
- Authority
- IRC §6651
- IRC §6698
- IRC §6699
- IRM 20.1.1.3.3.2.1
- IRM 20.1.1.3.2
What CitedTax drafts for this notice
An abatement letter that follows the IRM procedure for the penalty, states the clean-compliance history or the reasonable-cause facts, and cites the manual provisions the examiner must apply.
One credit. Upload the notice, state the firm's position and the facts, and the draft comes back in about thirty minutes with every claim graded against the cited text.
Other federal notices
For tax professionals. The date printed on the notice controls. CitedTax is a research and drafting tool; the reviewing professional validates every item before reliance.