This letter 112C invites you to file your return because you have money in your government account. It implies that you will get a refund if you file. It is true that if you do not file your return within the 3 year time period required, you lose the refund & you don't get an offset against other taxes you may owe.
Respond to Letter 112C
However, it is important not to over-react. Depending on the facts & time periods involved it is not wise to rush out and file a return before reviewing your IRS information and considering your options. Many times, there are other time periods & other issues involved so the issues are intertwined & the years are interrelated.
Plus, if you have remarried or divorced, special issues arise requiring careful planning. You should obtain your Wage & Income Transcripts & Account Transcripts from the IRS to see what the IRS has in your file. As long as time remains, caution is advised. Please follow the Prep Steps & contact Mr. Hopkins for a confidential consultation.