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Turbotax Index A Accrual period, Accrual period. Turbotax Acquisition premium, Acquisition premium. Turbotax Adjusted issue price, Adjusted issue price. Turbotax Assistance (see Tax help) B Backup withholding, Backup Withholding Bearer bonds and coupons, Bearer Bonds and Coupons Brokers (see Information for brokers and other middlemen) C Certificates of deposit, Certificates of Deposit Comments and suggestions, Comments and suggestions. Turbotax Contingent payment debt instruments, Contingent Payment Debt Instruments D Debt instrument, Debt instrument. Turbotax Debt instruments Long-term, Long-Term Debt Instruments Short-term, Short-Term Obligations Redeemed at Maturity Debt instruments and coupons purchased after 1984, Debt Instruments and Coupons Purchased After 1984 Debt instruments and coupons purchased after July 1, 1982, and before 1985, Debt Instruments and Coupons Purchased After July 1, 1982, and Before 1985 Debt instruments issued after 1954, corporate, Corporate Debt Instruments Issued After 1954 and Before May 28, 1969, and Government Debt Instruments Issued After 1954 and Before July 2, 1982 Debt instruments issued after 1984, Debt Instruments Issued After 1984 Debt instruments issued after July 1, 1982, Debt Instruments Issued After July 1, 1982, and Before 1985 Debt instruments issued after May 27, 1969, corporate, Corporate Debt Instruments Issued After May 27, 1969, and Before July 2, 1982 Debt instruments not on the OID list, Debt Instruments Not on the OID List Debt Instruments on the OID list, Debt Instruments on the OID List Definitions, Definitions Accrual period, Accrual period. Turbotax Acquisition premium, Acquisition premium. Turbotax Adjusted issue price, Adjusted issue price. Turbotax Debt instrument, Debt instrument. Turbotax Issue price, Issue price. Turbotax Market discount, Market discount. Turbotax Original issue discount (OID), Original issue discount (OID). Turbotax Premium, Premium. Turbotax Qualified stated interest, Qualified stated interest. Turbotax Stated redemption price at maturity, Stated redemption price at maturity. Turbotax Yield to maturity, Yield to maturity (YTM). Turbotax E Electronic payee statements, Electronic payee statements. Turbotax F Form 1099-OID, Form 1099-OID. Turbotax Free tax services, Free help with your tax return. Turbotax H Help (see Tax help) I Inflation-indexed debt instruments, Inflation-Indexed Debt Instruments Information for brokers and other middlemen, Information for Brokers and Other Middlemen Information for owners of OID debt instruments, Information for Owners of OID Debt Instruments Issue price, Issue price. Turbotax Issuers of OID debt instruments, Instructions for, Instructions for issuers of OID debt instruments. Turbotax L Long-term debt instruments, Long-Term Debt Instruments M Market discount, Market discount. Turbotax O OID list, Debt Instruments on, Debt Instruments on the OID List OID on long-term debt instruments, figuring, Figuring OID on Long-Term Debt Instruments OID on stripped bonds and coupons, figuring, Figuring OID on Stripped Bonds and Coupons OID, figuring, Figuring OID. Turbotax Using section I, Using Section I. Turbotax Using the income tax regulations, Using the income tax regulations. Turbotax Original issue discount (OID), Original issue discount (OID). Turbotax Owners of OID debt instruments, information for, Information for Owners of OID Debt Instruments P Premium, Premium. Turbotax Publications (see Tax help) Q Qualified stated interest, Qualified stated interest. Turbotax R REMIC and CDO information reporting requirements, REMIC and CDO information reporting requirements. Turbotax S Section I, Section I. Turbotax Section II, Section II. Turbotax Section III, Section III. Turbotax Short-term obligations redeemed at maturity, Short-Term Obligations Redeemed at Maturity Stated redemption price at maturity, Stated redemption price at maturity. Turbotax Stripped bonds and coupons, figuring OID, Figuring OID on Stripped Bonds and Coupons Suggestions, Comments and, Comments and suggestions. Turbotax T Tax help, How To Get Tax Help Y Yield to maturity, Yield to maturity (YTM). Turbotax , Yield to maturity (YTM). Turbotax Prev Up Home More Online Publications
Understanding Your CP108 Notice
You are receiving this notice because you made a payment of $XXXXX on XXXXX, and we can’t determine the correct form or tax year to apply it to.
What you need to do
- If the payment was applied correctly, then there is nothing you need to do. There is no need to contact the IRS in these situations.
- If the payment was not applied correctly, contact the IRS and advise them where the payment should be applied. Contact us at the toll-free number on the top right corner of your notice or write us at the address on the notice.
- Correct the copy of your tax return that you kept for your records.
You may want to
Answers to Common Questions
Q. What do I say when I call the IRS?
A. Mention that you received a CP 108 notice and you need to review your account with a customer service representative. Be sure to have a copy of your notice and your tax return before you call.
Q. What should I do if I disagree with the changes you made?
A. If you disagree, contact us at the toll-free number listed on the top right corner of your notice.
Q. What if I need to make another correction to my account?
A. You'll need to file an amended tax return.
Q. What if I have tried to get answers and after contacting IRS several times have not been successful?
A. Call Taxpayer Advocate at 1-877-777-4778 or for TTY/TDD 1-800-829-4059.
Tips for next year
If you paid electronically, ensure that you enter a valid tax period end date. Review Appendix A of the EFTPS Payment Instruction Booklet to determine the proper tax form code.
In addition, review the instructions for determining the correct tax period end date (e.g., for quarterly returns, Forms 720, Forms 941, etc., March 31, June 30, September 30, December 31). Enter as the MM in the YYMM format as:
|1st quarter March 31
|2nd quarter June 30
|3rd quarter September
|4th quarter December
Page Last Reviewed or Updated: 10-Feb-2014
Printable samples of this notice (PDF)
Tax publications you may find useful
How to get help
- Call the 1-800 number listed on the top right corner of your notice.
- Authorize someone (e.g., accountant) to contact the IRS on your behalf using Form 2848.
- See if you qualify for help from a Low Income Taxpayer Clinic.
Turbotax It is critical that business owners correctly determine whether the individuals providing services are employees or independent contractors.
Turbotax Generally, you must withhold income taxes, withhold and pay Social Security and Medicare taxes, and pay unemployment tax on wages paid to an employee. You do not generally have to withhold or pay any taxes on payments to independent contractors.
Turbotax Select the Scenario that Applies to You:
Turbotax I am an independent contractor or in business for myself
Turbotax If you are a business owner or contractor who provides services to other businesses, then you are generally considered self-employed. For more information on your tax obligations if you are self-employed (an independent contractor), see our Self-Employed Tax Center.
Turbotax I hire or contract with individuals to provide services to my business
Turbotax If you are a business owner hiring or contracting with other individuals to provide services, you must determine whether the individuals providing services are employees or independent contractors. Follow the rest of this page to find out more about this topic and what your responsibilities are.
Turbotax Determining Whether the Individuals Providing Services are Employees or Independent Contractors
Turbotax Before you can determine how to treat payments you make for services, you must first know the business relationship that exists between you and the person performing the services. The person performing the services may be -
Turbotax An independent contractor
Turbotax An employee (common-law employee)
Turbotax A statutory employee
Turbotax A statutory nonemployee
Turbotax In determining whether the person providing service is an employee or an independent contractor, all information that provides evidence of the degree of control and independence must be considered.
Turbotax Common Law Rules
Turbotax Facts that provide evidence of the degree of control and independence fall into three categories:
Turbotax Behavioral: Does the company control or have the right to control what the worker does and how the worker does his or her job?
Turbotax Financial: Are the business aspects of the worker’s job controlled by the payer? (these include things like how worker is paid, whether expenses are reimbursed, who provides tools/supplies, etc.)
Turbotax Type of Relationship: Are there written contracts or employee type benefits (i.e. pension plan, insurance, vacation pay, etc.)? Will the relationship continue and is the work performed a key aspect of the business?
Turbotax Businesses must weigh all these factors when determining whether a worker is an employee or independent contractor. Some factors may indicate that the worker is an employee, while other factors indicate that the worker is an independent contractor. There is no “magic” or set number of factors that “makes” the worker an employee or an independent contractor, and no one factor stands alone in making this determination. Also, factors which are relevant in one situation may not be relevant in another.
Turbotax The keys are to look at the entire relationship, consider the degree or extent of the right to direct and control, and finally, to document each of the factors used in coming up with the determination.
Turbotax Form SS-8
Turbotax If, after reviewing the three categories of evidence, it is still unclear whether a worker is an employee or an independent contractor, Form SS-8, Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding (PDF) can be filed with the IRS. The form may be filed by either the business or the worker. The IRS will review the facts and circumstances and officially determine the worker’s status.
Turbotax Be aware that it can take at least six months to get a determination, but a business that continually hires the same types of workers to perform particular services may want to consider filing the Form SS-8 (PDF).