The IRS Form 147C, often called the “Authorization to Receive Tax Information,” is a crucial document for taxpayers. While it doesn’t directly abate penalties, it’s frequently requested when seeking penalty relief, particularly under First Time Penalty Abatement (FTA). This authorization allows a designated third party, such as a tax professional, to receive copies of your tax information from the IRS. Having access to this information is often essential for understanding the penalties assessed and building a strong case for abatement based on reasonable cause or other eligible exceptions.
Requesting a 147C letter is straightforward. You’ll need to contact the IRS, typically via phone or mail, and provide them with your identifying information (name, address, Social Security Number or Employer Identification Number). Clearly state that you are requesting a copy of your account transcript. While you can also request penalty abatement at the same time, understanding the reason for the penalty is crucial. It is advisable to ask for both transcript to evaluate the penalty so that you will know when to do.
To request the 147C, prepare a written request and make sure all needed information are provided. You should be specific what information you would like to see and provide all details that you can include in your request. When sending your request, ensure to use certified mail so that you will have proof of what has been sent. Also, make sure you keep a copy of your request for your reference.
Sample 147C Letter Requests:
Here are six sample letters for requesting your account transcript/147C:
[Your Address]
[Your City, State, Zip Code]
[Your Phone Number]
[Your Email Address]
[Date]
Internal Revenue Service
[Address of IRS Service Center Where You File]
[City, State, Zip Code]
Subject: Request for Account Transcript (Form 147C Information)
To Whom It May Concern:
I am writing to request a copy of my account transcript (Form 147C information) for the tax year [Tax Year(s)]. My Social Security Number is [Your Social Security Number].
I require this information to [State Reason, e.g., understand penalties assessed, prepare for an audit, etc.].
Please send the transcript to the address listed above. Thank you for your time and attention to this matter.
Sincerely,
[Your Signature]
[Your Typed Name]
[Your Address]
[Your City, State, Zip Code]
[Date]
Internal Revenue Service
[Address of IRS Service Center Where You File]
Subject: Request for Account Transcript – EIN: [Your EIN]
To Whom It May Concern:
Our company, [Your Company Name], EIN: [Your EIN], is requesting a copy of its account transcript for the tax periods ending [Start Date] through [End Date].
This information is needed to review tax liabilities and prepare amended returns.
Please mail the transcript to the above address.
Sincerely,
[Your Name]
[Your Title]
[Your Address]
[Date]
Internal Revenue Service
[Relevant IRS Address]
Subject: Request for Account Transcript – Verification Purposes
Dear IRS,
I am writing to request a copy of my account transcript for the [Tax Year] tax year. My Social Security Number is [Your SSN].
I need this transcript for verification purposes for a loan application.
Thank you for your assistance.
Sincerely,
[Your Signature]
[Your Name]
[Your Address]
[Date]
Internal Revenue Service
[IRS Address]
Subject: Urgent Request for Account Transcript – Penalty Abatement Preparation
Dear IRS,
I am requesting a copy of my account transcript for the tax year [Tax Year], SSN: [Your SSN], as I am preparing a request for penalty abatement.
Please expedite this request as the deadline for submitting my abatement request is approaching.
Thank you for your prompt attention to this matter.
Sincerely,
[Your Signature]
[Your Name]
[Your Address]
[Date]
Internal Revenue Service
[IRS Address]
Subject: Request for Account Transcript – Review of Tax Assessment
Dear IRS,
I am writing to request a copy of my tax account transcript for the period [Start Date] to [End Date] related to my business, [Business Name], EIN: [Your EIN].
I require this information to review a recent tax assessment and ensure its accuracy.
Please send the transcript to the address listed above.
Sincerely,
[Your Signature]
[Your Name]
[Your Address]
[Date]
Internal Revenue Service
[IRS Address]
Subject: Amended Request for Account Transcript – Previous Request Incomplete
Dear IRS,
This is an amended request following my previous request on [Date of Previous Request] for my account transcript for tax year [Tax Year], SSN: [Your SSN]. I did not receive all the necessary information.
Please ensure that the transcript includes a complete penalty breakdown and all associated interest charges. Please send to the address listed above.
Thank you for your assistance.
Sincerely,
[Your Signature]
[Your Name]
While the 147C letter doesn’t directly abate penalties, it’s a valuable tool when seeking penalty relief. Accessing your account transcript allows you to understand the penalties, identify potential errors, and build a strong case for abatement, especially when working with a tax professional. Always keep copies of your requests and any correspondence with the IRS for your records.
