What is letter 6312 regarding Form 7200?
163 views | Last modified 9/27/2023 6:31:03 AM EST | Added by TaxBandits Team

Letter 6312 is sent to employers to notify if the IRS rejected Form 7200 or changed the requested advance payment amount due to computational errors. 

The letter explains why Form 7200 is rejected or if the requested advance payment amount is changed. If any changes are made, the letter will have the adjusted advance amount.

Reasons for receiving letter 6312:

Form 7200 is rejected because of missing, or incorrect information reported
Errors in calculating the advance payment amount

On receiving this letter, you have to read it carefully to know the exact reason for rejection or adjustment. Follow the instruction stated in the letter to either submit a new Form 7200 or claim a credit on your applicable employment tax return.