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Notice code 147 (Default) — We changed the amount claimed as IRA deduction that was more than the maximum amount. You must file …
We changed the amount claimed as IRA deduction that was more than the maximum amount. You must file or amend Form 8606, Nondeductible IRAs, to reflect this change and refigure the basis of your IRA.
What to do next
Start with these steps before you reply.
147
Read the notice carefully and note any deadline. Gather returns, notices, and payment records. Book a free strategy session before responding if the amount is large, unclear, or collection language appears.
What the IRS language says
We changed the amount claimed as IRA deduction that was more than the maximum amount. You must file or amend Form 8606, Nondeductible IRAs, to reflect this change and refigure the basis of your IRA.
What it usually means
147 is in our IR Manual catalog. Official wording is dense — we translate it for business owners and individuals and map realistic next steps.
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