Understanding your CP123 notice

 

What this notice is about

We made changes to your railroad retirement tax return because we believe there was a miscalculation. You now have a balance due of less than $1.


What you need to do

  • Read the notice carefully.
  • Compare the figures on the notice with your railroad retirement tax return.
  • Contact us within 30 days of the date of your notice if you disagree with the changes we made.
  • Correct the copy of your railroad retirement tax return that you kept for your records if you agree with our changes.
  • You don’t have to pay if you owe less than $1.

Frequently asked questions

Call us at the toll-free number listed on the top right corner of your notice for specific information about your tax return.

Call us at the toll-free number listed on the top right corner of your notice or write to us within 30 days of the date of the notice. We may be able to reverse the changes.


Tips for next year

Review your return for accuracy before mailing it to us.


Helpful information

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