IRS Letters and Forms
Notice code 547

Notice code 547 (Default) — We changed the amount claimed as child tax and/or additional child tax credit on page 2 of your 2003…

We changed the amount claimed as child tax and/or additional child tax credit on page 2 of your 2003 tax return because:  No amount was entered, and/or  The amount entered was incorrect based on your adjusted gross income and the number of boxes checked on line 6c, and/or  The credit amount was not correctly reduced by an amount received as an advance payment. Note: The total amount of child t…

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547

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What the IRS language says

We changed the amount claimed as child tax and/or additional child tax credit on page 2 of your 2003 tax return because:  No amount was entered, and/or  The amount entered was incorrect based on your adjusted gross income and the number of boxes checked on line 6c, and/or  The credit amount was not correctly reduced by an amount received as an advance payment. Note: The total amount of child tax credit for which you are eligible must be reduced by any amount received as an advanced payment when figuring the amount to be entered on page 2 of your 2003 tax return.

What it usually means

547 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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