IRS Notices

If you have recently received a notice from the IRS, be sure you respond promptly. If you have received a notice from the post office for a certified letter from the IRS, refusing to pick it up and sign for it will only make your situation worse.

This notice is probably the IRS form CP504. This form is your notice of the IRS’ intent to levy your wages/bank account and to file a tax lien. This notice, which gives you 10 days to respond, is followed by for L1058, Final Notice of Intent to Levy. This form gives you 30 days to respond. If you ignore this notice, then the IRS will file a tax lien and levy your wages and bank account.

You best move is to respond to the notice by either calling the IRS directly or contacting an Enrolled Agent. An Enrolled Agent can represent you before the IRS and assist you finding the best resolution possible.

If you receive the CP503, calling the IRS before the CP504 is issued, could prevent a lien from being filed, depending on how high your liability is. Ignoring these notices does not make your tax debt go away. Responding promptly can save you money and save your credit rating.