VALID › Notice Library › Letter 6312
In the IRS’s own words · not reviewed by VALID
6312 letter explained, in the IRS’s own words
We couldn’t process your Form 7200, Advance Payment of Employer Credits Due to COVID-19, due to missing or incorrect information, or we corrected a computation error on your Form 7200 and changed the amount of your advance payment.
Read the full 6312 page on irs.gov ↗
What this letter is about
We couldn’t process your Form 7200, Advance Payment of Employer Credits Due to COVID-19, due to missing or incorrect information, or we corrected a computation error on your Form 7200 and changed the amount of your advance payment.
What you need to do
Read your letter carefully. We listed the reason for the rejection or adjustment to the payment amount on the letter.
You may want to
- Follow the directions on your letter for how you may be able to either submit a new Form 7200 or claim a credit on your applicable employment tax return.
- Review the instructions for Form 7200.
Frequently asked questions
For a list of questions and answers about tax credits related to COVID-19, refer to:
- COVID-19-Related Tax Credits for Required Paid Leave Provided by Small and Midsize Businesses FAQs
- FAQs: Employee Retention Credit under the CARES Act
- DOL Families First Coronavirus Response Act: Questions and Answers
What to do next
- Write down the date on the letter today.
- Look the number up on irs.gov yourself. Don’t trust a link or phone number from anyone else.
- If it says you owe money or proposes changes to your return, take it to a licensed CPA, EA or tax attorney before that date.
Not advice. Not a filing. Verify with a licensed professional. Rules change by year and facts.