Received a CP515?

What Does a CP515 Notice Look Like?

The CP515 is a formal letter from the IRS, including:

• Notice Code: CP515
• Sender: Internal Revenue Service (IRS)
• Date of Notice: When the notice was issued.
• Business Information: Your business name and address.

The notice outlines why it was sent—usually because the IRS hasn’t received your return. It also includes Form 15103, which is crucial for responding. Pay close attention to any highlighted sections, as these indicate required actions.

Usually CP515 is sent after CP59 was returned to the IRS with a new address.

What Is Form 15103, (Form 1040 Return Delinquency)?

Form 15103 (Form 1040 Return Delinquency) is included with the notice and must be completed to explain:

• Why you haven’t filed.
• That you’ve already filed (if applicable).
• Why you don’t need to file (if that’s the case).

Once filled out, you’ll send the form back with any supporting documents.

Why Did I Get This Notice?

A CP515 notice means the IRS doesn’t have a record of your business tax return. Common reasons include:

• Late filing.
• IRS processing errors.
• Not needing to file, but failing to notify the IRS.

What Happens if You Ignore It?

Ignoring this notice could lead to:

• Penalties: Fines that increase with delays.
• Legal Trouble: Potential for escalated consequences.
• IRS Scrutiny: Increased attention on your business.
• Reputation Issues: Non-compliance can harm business relationships.

Steps to Take if You Receive a CP515 Notice

Here’s how to respond to a CP515 notice:

1. Read the Notice: Review it carefully to understand the IRS’s concerns.
2. Check Filing Status: Ensure you’ve filed, and if so, find your confirmation.
3. Complete Form 15103: Fill out this form to explain your situation.
4. File Your Return: If you haven’t filed yet, do so immediately, preferably online.
5. Submit the Documents: Detach the notice stub, and mail it along with your tax return and Form 15103 using the provided envelope. Alternatively, fax everything to the number in the notice—just ensure any digital submissions are secure.
6. Keep Copies: Retain copies of all documents for your records.
7. Contact the IRS: If you have questions, call the IRS at the number listed on the notice.

Need Help?

Handling IRS notices is stressful, but you don’t have to go it alone. Stellar helps businesses like yours navigate the CP515 process smoothly. Our team ensures that your response is timely and accurate, keeping you in good standing with the IRS. Don’t wait—schedule a consultation today. We’ll help you respond quickly and ensure your business stays compliant with IRS regulations.