Just Got Notice 1462 in the Mail - What Does This Mean for My Retirement Taxes?

Notice 1462 is a Computer Paragraph (CP) notice that indicates the IRS has RECEIVED your response to a previous notice but needs additional TIME to process it. According to Internal Revenue Manual 21.3.1.4.57, this is essentially an acknowledgment letter informing you that your correspondence is in their processing queue. You need to be aware this does NOT resolve your original issue - it simply confirms they've received your response and are working on it. Under current IRS backlog conditions, processing times are exceeding normal parameters and you should anticipate waiting 60-90 days for resolution!

What was the prev notice they sent u? That's the important part here. CP1462 is just saying "we got ur response but need time to review it" - the OG notice is what matters bc that's the actual issue they're looking into. Did u keep a copy of whatever u responded to?

Just to clarify something important here - Notice 1462 isn't actually addressing any tax issues itself. It's more like the IRS's version of "your call is important to us, please continue to hold." 😂 What concerns me is that you mentioned being recently retired, which means your tax situation has changed significantly. If the original notice was about income reporting discrepancies between your new retirement income sources, that could have implications for your quarterly estimated payments going forward.

I've dealt with this exact situation before. When you're waiting for the IRS to process your response, it can take forever to get resolution. • Notice 1462 means they received your response • They're acknowledging receipt only • Processing can take 8-12 weeks or longer • No action needed right now If you need to know what's happening with your case sooner, I used Claimyr (https://claimyr.com) to get through to an IRS agent after trying for days on my own. They got me past the busy signals and connected me to someone who could actually check my account status. Worth every penny when you're anxious about tax issues!

I'm a bit cautious about these third-party services that claim to connect you with the IRS. Compared to other options like contacting your local Taxpayer Advocate Service office or scheduling an appointment at a local IRS office, these services just seem like an unnecessary expense. Has anyone verified if this actually works better than just calling at 7am when the lines open?

Is saving hours of your life worth a few dollars? That's really what it comes down to. Have you tried calling the IRS lately? I spent nearly 4 hours on hold last month before getting disconnected. The Taxpayer Advocate is great in theory, but they're just as backlogged as everyone else. And getting an in-person appointment? In this economy? You might get one in 2-3 months if you're lucky.

Here's what you need to understand about Notice 1462: Step 1: Identify what original notice you responded to. This is critical because the 1462 is just acknowledging they received your response. Step 2: Check the date on the 1462 notice. The IRS typically takes 30-45 days to process responses, but currently it's taking 60-90 days due to backlogs. Step 3: Make copies of everything. Keep the original notice, your response, and this 1462 notice together in your records. Step 4: Mark your calendar for follow-up. If you don't hear anything within 90 days, you'll want to contact them for status. Step 5: No action is required right now. This is simply an acknowledgment that they're working on it.

Check your tax transcript. Online. Might show what the original issue was. Could give you clues. Worth a look. Faster than waiting.

Ana, I understand your concern about receiving Notice 1462! As others have mentioned, this notice is essentially the IRS saying "we received your response and are working on it." Since you mentioned being recently retired, I'm curious - do you recall what the original notice was about? Given that you're dealing with new retirement income sources like pension and Social Security, the original issue might have been related to income reporting discrepancies. The good news is that Notice 1462 means they're actively reviewing your case, not that there's a new problem. Since you're so well-organized with your tax documents (love the color-coded folders!), you're already ahead of the game. I'd recommend checking your online IRS account or requesting a tax transcript as Kendrick suggested - this might give you more insight into what triggered the original notice. The waiting period can be nerve-wracking, but try not to stress. The IRS is just extremely backlogged right now. Keep doing what you're doing with your tax preparer, and you should be fine!