CP-504

Urgent !!

We intend to levy on certain assets.

If you have received a CP-504, it means you have ignored previous notices. 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 may receive this notice even if you have made arrangements to make installment payments or you have been placed in a "hardship" status. If this is the case, call the number on the notice immediately and advise them. Be sure to write down the name and badge number of the person you speak to as well as the date and time of the call. 

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, you are advised 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 on 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, your case will be transferred from Taxpayer Service to Automated Collections (ACS). This is often referred to as "Collections".  If you ignore this notice, the next notice you will receive will be a Letter 2050. It will not come certified. You will receive it about five to six weeks after you received the CP-504. 

• I owe more than $25,000

• I cannot pay the balance off within 60 months

• I owe more tax than I can ever pay

• I don't think I owe the tax

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