Friday, March 6, 2009

IRS Certified Letters


So you got a note from the postman on your door that says you have a letter you have to sign for at the post office. The note says the sender is the IRS. What do you do? You may be tempted to ignore the notice and not go sign for the letter. Ignorance is bliss, right?

WRONG. In this case not knowing what this certified letter says keeps you from knowing the time frame in which the IRS is likely to put a lien on your house, levy your wages and clean out you bank accounts!

One common letter sent by the IRS certified is the CP504. This letter tells you that you have 10 days to respond and is your notice that the IRS can put a lien on your house.

Another common letter sent certified is the L1058 or Final Notice which informs you that you have 30 days before the IRS can levy your wages and bank account.

If you do not pick up these letters and sign for them, the post office will send them bank to the IRS unclaimed and basically you have announced to the IRS that you are unwilling to face or take care of your tax debt.

Moving without notifying the IRS does not stop the clock from ticking on these notices. They just have to send them to your last known address. If you move and do not notify the IRS of your new address and the notices go out, you will still have liens and levies even though you never actually received the notices. It is your responsibility to keep the IRS up to date on your address.

If you receive one of the notices and need someone to guide you through the process, contact an Enrolled Agent.

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