{"id":30731,"date":"2017-11-02T14:26:51","date_gmt":"2017-11-02T19:26:51","guid":{"rendered":"https:\/\/www.hrblock.com\/tax-center\/?p=30731"},"modified":"2020-06-08T15:02:23","modified_gmt":"2020-06-08T20:02:23","slug":"irs-letter-2531-tax-return-doesnt-match","status":"publish","type":"post","link":"https:\/\/www.hrblock.com\/tax-center\/irs\/audits-and-tax-notices\/irs-letter-2531-tax-return-doesnt-match\/","title":{"rendered":"IRS Letter 2531 – Your Tax Return Doesn\u2019t Match the Information We Have On File"},"content":{"rendered":"

The income reported on your Form 1120 does not match the income reported to the IRS by banks, businesses, and other payers. Compare the information on the notice with the information reported on the Form 1120.<\/h2>\n
\"IRS<\/a>

Click to enlarge<\/a><\/p><\/div>\n

Type of Notice: <\/strong>Return accuracy<\/p>\n

Likely next step: <\/strong>Address a business audit<\/a><\/p>\n

Also see: <\/strong>Business penalties<\/a>, Unpaid business taxes<\/a><\/p>\n

Why you received IRS Letter 2531<\/h3>\n
    \n
  1. You filed a Form 1120 with the IRS.<\/li>\n
  2. When processing the return, the IRS compared the income, credits and deductions reported on the return with information from third parties such as banks, businesses, and other payers. The IRS found a discrepancy between what was reported on the return and what was reported by third parties.<\/li>\n
  3. The IRS sent Letter 2531 to inform you of the discrepancy. You do not need to file an amended return. The notice gives you 45 days to agree or disagree with the information reported by third parties.<\/li>\n<\/ol>\n

    Notice deadline: <\/strong>45 days<\/p>\n

    If you miss the deadline: <\/strong>If the IRS hasn’t received a response within 45 days and the adjustment results in an increase in tax, the IRS will send another notice proposing additional taxes, penalties and interest.<\/p>\n

    Want more help?<\/h3>\n

    Your tax professional can deal with the IRS for you. Learn more about H&R Block\u2019s Tax Audit & Notice Services<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

    The income reported on your Form 1120 does not match the income reported to the IRS by banks, businesses, and other payers. Compare the information on the notice with the information reported on the Form 1120. Type of Notice: Return accuracy Likely next step: Address a business audit Also see: Business penalties, Unpaid business taxes […]<\/p>\n","protected":false},"author":605,"featured_media":24857,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[25,51],"tags":[],"class_list":["post-30731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-irs","category-audits-and-tax-notices"],"acf":[],"yoast_head":"IRS Letter 2531 - Your Tax Return Doesn\u2019t Match the Information the IRS On File | H&R Block<\/title>\n<meta name=\"description\" content=\"Learn more about letter 2531, why you received the letter, and how to address it with help from the tax experts at H&R Block.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hrblock.com\/tax-center\/irs\/audits-and-tax-notices\/irs-letter-2531-tax-return-doesnt-match\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IRS Letter 2531 - 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