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In the IRS’s own words · not reviewed by VALID
CP14H notice explained, in the IRS’s own words
You owe a shared responsibility payment (SRP) for the tax year shown on your notice. The SRP amount you owe is not subject to a Notice of Federal Tax Lien filing, a levy on your property, or the failure-to-pay penalty.
Read the full CP14H page on irs.gov ↗
What this notice is about
You owe a shared responsibility payment (SRP) for the tax year shown on your notice. The SRP amount you owe is not subject to a Notice of Federal Tax Lien filing, a levy on your property, or the failure-to-pay penalty.
Under the Tax Cuts and Jobs Act, the amount of the individual shared responsibility payment is reduced to zero for months beginning after December 31, 2018. However, we are still required to collect unpaid SRP amounts for years where you or your dependents did not have minimum essential health coverage.
For more information on how to obtain healthcare coverage, visit HealthCare.gov.
What you need to do
Pay the amount you owe by the due date shown on your notice to avoid paying additional interest.
If you can’t pay the full balance now:
- Consider a payment plan to pay off the amount you owe over time.
- If you’re experiencing financial hardship, we may be able to temporarily delay collection.
If you disagree with the SRP amount shown on your notice, you can call us at the number shown on your notice or you can mail your response to the address shown on your notice.
- If you call us, please have your paperwork (such as cancelled checks, amended return, etc.) ready when you call.
- If you write to us, be sure to explain why you disagree with the SRP amount and provide information that supports your stance, such as cancelled checks, an amended return, etc.
What is the shared responsibility payment (SRP)?
It's the assessed payment for not having minimum essential health coverage for you and, if applicable, your dependents in the tax year that ended December 31 of the year shown on your notice per Internal Revenue Code Section 5000A - Individual shared responsibility payment. Under the Tax Cuts and Jobs Act, the amount of the individual shared responsibility payment is reduced to zero for months beginning after December 31, 2018.
Am I charged interest on the money I owe?
Not if you pay the full amount you owe by the date on the payment coupon. However, interest accrues on the unpaid amount after that date.
Will I receive a penalty if I can't pay the full amount?
No. The law prohibits us from using liens or levies to collect any individual SRP. However, if you owe an SRP we may offset that liability against any tax refund that may be due to you.
Tips for next year
Consider filing your taxes electronically. Filing online can help you avoid mistakes and find credits and deductions that you may qualify for. In many cases you can file for free.
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.