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What is IRS Letter 6412?

 

IRS Letter 6412 is a notice informing you that the IRS has adjusted or reversed part of your tax refund, often due to math errors, missing income, or credit eligibility issues. It may also ask you to repay a portion of the refund previously issued.

Visual representation of IRS Letter 6412, which notifies taxpayers that their filed return and refund figures have been accepted by the IRS, subject to future review or correction. Used for educational context in CryptoTaxAudit’s IRS letter explainer series.

What is IRS Letter 6412?

Visual representation of IRS Letter 6412, which notifies taxpayers that their filed return and refund figures have been accepted by the IRS, subject to future review or correction. Used for educational context in CryptoTaxAudit’s IRS letter explainer series.

IRS Letter 6412 is a notice informing you that the IRS has adjusted or reversed part of your tax refund, often due to math errors, missing income, or credit eligibility issues. It may also ask you to repay a portion of the refund previously issued.

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Why did I receive IRS Letter 6412 after filing my crypto taxes?

 

Crypto-related income can cause this letter if trading profits weren’t included properly, impacting tax owed or refund amounts.

What to do next:

Flat icon showing two tax forms labeled “Your Return” and “IRS Calculation” with a balance scale between them, symbolizing comparison of reported figures with IRS adjustments.

1: Compare your original return to the IRS’s calculations  

Flat icon showing an open envelope and an “Appeal” document with an upward arrow, symbolizing submitting supporting evidence or appeal to the IRS.

2: If you disagree, submit supporting documents or request an appeal

Flat icon showing an IRS notice with an exclamation mark, dollar sign, and clock, symbolizing urgent repayment instructions and potential penalties for delay.

3: Do not ignore repayment instructions - penalties and interest may apply

When to Seek Professional Help

CryptoTaxAudit helps you analyze discrepancies, correct crypto reporting, and avoid repayment demands on refunds tied to digital asset errors.

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Additional Resources

Voluntary compliance letters