Q&A of the Week July 17, 2024

Question

Why do I have a balance due from the IRS from my 2023 Tax Return?

Answer

Taxpayers who paid electronically or by check with their 2023 tax return, may show their accounts as pending, although the IRS has received and processed payment through their banking institution.

The notice may have been initiated before the payment was fully processed.

Those who receive a notice but paid the tax they owed in full and on time, electronically or by check, should not respond to the notice at this time. The IRS is looking into these and will update you soon.

For more details: https://www.irs.gov/newsroom/irs-statement-on-balance-due-notices-cp14