CP-503
IMPORTANT!
Immediate action is required.
If you have received this notice, it means you have ignored the initial tax bill (CP-14) or your case is back in collection after being declared "currently not collectible" for a while. If you owe for more than one tax period, you will receive one of these notices for each year. This is one of the statutory notices. You will receive this notice even if you have recently made arrangements to make installment payments or you have been placed in a "hardship" status. It will say on the face of it to ignore it if you have entered into an installment agreement or paid the balance. If this is the case -- you may ignore it.
The top right of the notice will indicate the date of the notice, the primary social security number or employer ID and, in most cases, a Caller ID number. The middle of the notice will describe the type tax and tax period involved. It will also show any interest and penalties accrued since your last notice.
If you feel like the amount is really due and you can afford to pay the balance shown, I advise you to remit the amount shown as soon as possible, using the envelope included with the notice.
If you agree with the amount but are unable to pay it all right now there are several options. If you owe no other tax, the amount due is less than $25,000, and you can pay the balance off in 60 months or less - call the number listed at the top right of the notice and make arrangements with them. You can specify the day of the month you want to make payments. You are advised to pay it off as soon as possible, however, you may ask them what the minimum payment is to pay off the balance in 60 months. If the amount is more than you can handle or the technician refuses to give you that option - select one of the options below.
One caution -- if the taxes are 941 (payroll) taxes from your employee's withholding, you have a very different problem and need to seek professional help as soon as possible, unless you are in a position to pay the liability within 30 days. Please contact us immediately for assistance if this is the case.
If you ignore this notice, you will receive a CP-504 via certified mail in the next three to five weeks.
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