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Understanding Your CP295 Notice

We charged you a penalty on your Form 5500.


What you need to do

  • Pay the amount due to avoid additional penalty and interest charges.

Answers to Common Questions

What steps can I take if I can't pay the full amount?
Visit our website under the payment tab for more information about payment options.

What if I don't pay the amount by the due date?
Additional penalties and interest will accrue.

Can I request the penalty be removed or reduced?
If you believe a penalty should be reconsidered, mail a signed statement to the address on your notice. Identify which penalty you want reconsidered and why. We'll review the information and let you know if we accept your explanation.


  • Understanding your notice

    Your notice may look different from the sample because the information contained in your notice is tailored to your situation.

    Notice CP295, Page 1

    Image of page 1 of a printed IRS CP295 Notice

    Notice CP295, Page 2

    Image of page 2 of a printed IRS CP295 Notice

    Notice CP295, Page 3

    Image of page 3 of a printed IRS CP295 Notice

    Notice CP295, Page 4

    Image of page 4 of a printed IRS CP295 Notice

Page Last Reviewed or Updated: 2013-01-08

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.