If you have received IRS tax notice CP 504 ,you must contact IRS or IRS will follow up with enforced collection action including bank levies and wage garnishment notices.
The IRS CP notice 504 is one of IRS’s last actions before collection enforcement.
If you are unsure what to do, contact us today and speak to former IRS agents and managers who know the system and can give you expert affordable tax help in dealing with your IRS notice.
Sometimes taxpayers who have received this CP504 notice could be eligible for a tax debt settlement called an offer in compromise.
Call us today for a free initial tax consultation.
Most of the time that Fresh Start Tax is contacted, it is because a 504 notice has been received.
Here is the content you’ll find in this IRS form:
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We intend to levy on certain assets. Please respond NOW.
Our records indicate that you haven’t paid the amount you owe. The law requires that you pay your tax at the time you file your return.
This is your notice, as required by Internal Revenue Code Section 6331(d), of our intent to levy (take) any state tax refunds that you may be entitled to if we don’t receive your payment in full. In addition, we will begin to search for other assets we may levy.
We can also file a Notice of Federal Tax Lien, if we haven’t already done so. To prevent collection action, please pay the current balance now. If you’ve already paid, can’t pay, or have arranged for an installment agreement, it is important that you call us immediately at the telephone number show below.
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The IRS waits approximately 6 weeks and you can believe a levy is coming down the pike, to your employer and to your bank.
Many times these notices come certified, so be forewarned, call Fresh Start Tax ASAP.
