IRS Form 15108 – In the complex world of tax compliance, ensuring your federal tax deposits (FTDs) are applied correctly is crucial for avoiding penalties and maintaining accurate records. If you’ve received a notice from the IRS indicating a misapplied payment, IRS Form 15108 can be your key to resolution. This form, officially titled “Correction to Your Federal Tax Deposit (FTD),” allows taxpayers to instruct the IRS on how to properly allocate a payment that was not applied as intended. In this SEO-optimized guide, we’ll break down everything you need to know about Form 15108, including when to use it, how to complete it, and where to submit it. Whether you’re a business owner handling payroll taxes or an individual dealing with estimated payments, understanding this form can save you time and hassle.
What Is IRS Form 15108?
IRS Form 15108 is a simple, one-page document designed to correct the application of federal tax deposits. Federal tax deposits typically include withholdings for income taxes, Social Security, Medicare, and other employment-related taxes. If the IRS receives a payment but cannot determine the correct tax form or period to apply it to, they may send you a CP108 notice. This notice alerts you to the issue, and Form 15108 provides a straightforward way to specify the intended application.
The form was last revised in December 2017 and remains the current version as of 2026. It’s available for free download from the official IRS website, ensuring you always have access to the most up-to-date copy.
When Should You Use Form 15108?
You should use Form 15108 primarily in response to an IRS CP108 notice. This notice indicates that the IRS has received your payment but applied it incorrectly or couldn’t identify the proper tax form or year. Common scenarios include:
- Misapplied Payroll Taxes: If you’re an employer and your FTD for Form 941 (Employer’s Quarterly Federal Tax Return) was credited to the wrong quarter.
- Estimated Tax Payment Errors: For self-employed individuals or those making quarterly estimated payments via Form 1040-ES, where the payment is assigned to an incorrect tax year.
- Other Federal Deposits: This could involve excise taxes (Form 720) or other withholdings where the allocation doesn’t match your records.
If the payment was applied correctly according to the notice, no action is required. However, if it’s wrong, acting promptly—ideally within 10 days of the notice date—can prevent further complications like interest or penalties.
How to Fill Out IRS Form 15108 Step by Step?
Filling out Form 15108 is straightforward, as it consists of just two main sections. Here’s a detailed walkthrough based on the form’s structure:
- Contact Information:
- Provide your name and Taxpayer Identification Number (TIN), which could be your Social Security Number (SSN) or Employer Identification Number (EIN).
- Update your address if it has changed since your last filing, including city, state, and ZIP code.
- Include primary and secondary telephone numbers, along with the best time to call (a.m. or p.m.). This helps the IRS contact you if additional clarification is needed.
- Indicate Where You Want Your Payment Applied:
- Specify the date of the payment in question.
- Enter the tax form (e.g., Form 941, Form 1040) where the payment should be applied.
- Note the tax period ending date (e.g., quarter or year-end).
The form emphasizes mailing it to the address listed on your attached IRS notice. Always double-check your entries for accuracy to avoid delays.
Tips for Completion:
- Use black ink and print clearly if filling out by hand.
- Attach a copy of the CP108 notice for reference.
- If you’re unsure about any details, consult your tax records or a professional advisor.
Where and How to Submit Form 15108?
Once completed, mail Form 15108 to the address provided on your CP108 notice. Do not send it to the general IRS address, as this could cause processing delays. Alternatively, if you prefer not to mail the form, you can call the toll-free number on the notice (typically 800-829-0115) to provide correction details verbally.
Electronic submission is not available for this form, so physical mailing is required. Keep a copy for your records and consider sending it via certified mail for proof of delivery.
Common Mistakes to Avoid When Using Form 15108
To ensure your correction is processed smoothly, steer clear of these pitfalls:
- Ignoring the Notice: Delaying action can lead to misapplied credits and potential audits.
- Incomplete Information: Failing to provide a clear tax form or period can result in the IRS rejecting your request.
- Using an Outdated Form: Always download the latest version from IRS.gov to comply with current requirements.
- Not Attaching the Notice: This helps the IRS match your form to the correct account.
Frequently Asked Questions About IRS Form 15108
What if I don’t have the CP108 notice?
If you’ve lost it, contact the IRS at 800-829-1040 for individuals or 800-829-4933 for businesses to request a duplicate or get guidance.
Can Form 15108 be used for state tax corrections?
No, this form is exclusively for federal tax deposits. Contact your state tax agency for similar issues.
How long does it take for the IRS to process Form 15108?
Processing typically takes 4-6 weeks, but it can vary. Check your account status online via the IRS Where’s My Refund tool or by calling.
Is there a fee for submitting Form 15108?
No, there are no fees associated with this form.
Conclusion: Stay Compliant with Proper FTD Corrections
Correcting a federal tax deposit using IRS Form 15108 is a simple yet essential step in maintaining your tax compliance. By addressing misapplications promptly, you can avoid unnecessary penalties and ensure your payments are credited accurately. For the most reliable information, always refer to official IRS resources. If you’re dealing with complex tax situations, consider consulting a certified tax professional. Download Form 15108 today from the IRS website and take control of your tax deposits.
Disclaimer: This article is for informational purposes only and is not a substitute for professional tax advice. Tax laws can change, so verify details with the IRS or a qualified advisor.