The CP504 is simply the second to last letter you get before the IRS starts collection activity. Your case will later probably be assigned to the IRS Automated Collections System or it may be with a Revenue Officer if you got a high balance.
30 days after the letter’s date, the IRS will typically send out another letter, the CP90, also known as the final notice of intent to levy. 30 days after the CP 90 garnishments for wages, levies on 1099 sources, and levies on bank accounts are going to start getting sent out.
So right when you get the CP504 letter it is a good time to propose a resolution if you did not already to the IRS.
If you are doing your own case check out our free tax help guide.
If you are looking for a consultation with an expert tax attorney, go here or call call (888) 515-4829 with no further obligation today!
This article endeavors to provide an exhaustive exploration into the intricacies of foreign trusts, aiming to offer clarity for trustees,… Read More
Understanding the ins and outs of providing free meals and/or lodging to your employees can be a bit daunting, but… Read More
As state tax revenues taper off from their peak levels, there's a growing debate over the financial viability of the… Read More
Imagine a dynamic sales tax environment across the United States, where navigating sales tax regulations feels like solving a puzzle,… Read More
As we set sail into another year of navigating sales tax landscapes, there's a wave of anticipation for the exciting… Read More
Attention self-employed individuals and small business owners! If you haven't yet claimed your sick and family leave tax credits, it's… Read More