The IRS announced it started sending letters to taxpayers who experienced a delay in the processing of their Form 7200, Advance Payment of Employer Credits Due To COVID-19.
Reasons for delay include:
- Rejected form
- Change to requested amount
- Address verification
Delay due to address verification:
- If a Form 7200 shows a different address from the last known address the IRS has in its records, the IRS will send a letter, Form 8822-B, to the last known address
- The letter will ask taxpayers to confirm their address and whether the advance refund should be mailed to the address listed on the Form 7200
- If taxpayers want to officially change their business address to the address listed on the Form 7200, they must complete, sign, date and return Form 8822-B, Change of Address or Responsible Party – Business, to the IRS
- The IRS will not process a Form 7200 or change the last known address in its record until taxpayers respond to their Form 8822-B
Note: Due to scheduled maintenance, the 7200 fax line will be unavailable from August 7 at 10 p.m. to August 8 at 7 a.m. ET. Callers will get a busy tone during that time.
