Does Checking Your Mailbox Make Your Heart Race?
Unfortunately, telling the IRS that your dog ate the mail won’t make those notices and letters disappear. Stop avoiding the mailman and get real help today!
IRS Notice? Don’t Panic
The IRS sends out millions of notices and letters every year. In many cases, they are simply asking for additional information or notifying you about a change to your account. If you receive an IRS notice or letter, be sure to do the following:
- Review it carefully. The notice or letter will explain why you are receiving it and who you should contact if you have any questions.
- Pay attention to deadlines. If the IRS needs additional information or you have a balance due, pay close attention to the deadline date. Failure to comply may lead to penalties and interest fees, as well as collection actions.
- Take action, if needed. You should never reply to a notice or letter unless required to do so. If you owe money and can’t pay, you’ll need to consider your payment options, such as an installment agreement or OIC.
Getting a letter from the IRS can be scary, but don’t panic. At Top Dog Tax Relief, we offer a free consultation to help you better understand the reason why you received the notice, as well as your options for addressing your IRS issues.
Balance Due & Collection Notices
If you receive any of the following notices or letters, contact Top Dog Tax Relief immediately.
CP14 Notice
IRS CP14 is a balance due notice. It’s typically the first request for payment of overdue taxes.
CP40 Notice
IRS CP40 notifies you that your account has been assigned to a private collection agency because you have ignored previous requests to pay your tax debt.
CP90 Notice
IRS CP90 is a Final Notice of Intent to Levy. You typically have 30 days from the date of the notice before the IRS takes action.
CP501 Notice
IRS CP501 is another balance-due notice that is sent after previous notices went unanswered. If ignored, the IRS will file a tax lien.
CP503 Notice
IRS CP503 is typically sent after CP501. It gives you 21 days to respond or pay your tax debt.
CP504 Notice
IRS CP504 is a Notice of Intent to Levy. The IRS is now moving forward with levying your property, including your income and bank accounts.
CP523 Notice
IRS CP523 notifies you that the IRS intends to terminate your installment agreement and levy your assets.
LT11
IRS letter LT11 is similar to Notice CP504, Final Notice and Intent to Levy.
LT16
IRS letter LT16 is an Enforcement Action Notice. You received this because you did not file your return by the deadline date or you have unpaid taxes. The IRS is now moving forward with collection actions, such as wage garnishment, levies, and liens.
LT19
IRS letter LT19 is a demand for payment that is sent after previous notices or letters went unanswered. Ignoring this letter will result in the IRS moving forward with collection actions.
LT39
IRS letter LT39 is an unpaid taxes reminder. The IRS is required by law to send it. You’ll have 10 days to pay your outstanding balance or face collection actions.
Ignoring IRS notices and letters won’t make your tax problems go away. Don’t wait for things to escalate. Take action now before it’s too late!