If you receive a CP10A Notice, the IRS believes you made a mistake on your Earned Income Tax Credit and this means that you owe more tax than you claimed. This also indicates that the refund you asked to apply towards next year’s estimated taxes is now lower. The IRS Notice CP10A is similar to [...]

The official name of this IRS notice is the “IRS Notice CP11 – Changes to Form 1040 and Amount Due”. This simply means that the Internal Revenue Service (IRS) has adjusted a tax return because of an error that may have been found, which then resulted in a balance due. This type of return mainly [...]

The IRS Letter 728 – Current Balance Due is sent to taxpayers to notify them that they have a current unpaid balance and an IRS revenue officer is requesting payment. This particular letter falls under the category of “unpaid balance”. REASONS WHY TAXPAYERS RECEIVE THE IRS LETTER 728 There are some reasons why the IRS [...]

  An LT1058 is quite similar to an LT11 notice. These notices from the IRS give note of caution to the taxpayer who has unpaid tax liabilities. According to the letter, the IRS may choose to seize or levy your property or rights to property after a definite date if the tax sum is not [...]

An IRS notice CP14 shows that you owe money to the IRS. This for one of two reasons; you either missed a payment, or interest and penalties accumulated on the outstanding amount. Of course, it is reasonable that you are terrified by this letter. However, it is significant that you know it is within your [...]

Not every notice sent to you from the IRS is intended to bring sadness to you. However, if you receive a CP40 Notice from the IRS, then you need to pay attention as it shouldn’t be taken frivolously. A CP40 IRS Notice is an informal document from the Internal Revenue Service that brings to your [...]

The IRS sends CP2000 notices to over 6 million every year. This notice informs you of the discrepancy and proposes a change to your tax payments or credits and offers you a chance to respond. You may agree or disagree with the IRS, but you must send a reply to prevent penalties and interest. An [...]

If you are waiting for a tax refund from your state and you receive this notice, you may not get the refund. IRS Notice CP504 informs you that the IRS intends to seize your state tax refund. It also states that the IRS may “levy your property or rights to property, and apply it” to [...]

What comes after a CP523 notice? When you receive a CP523 notice, the IRS is giving you 30 days to contact them regarding your most recent failed payment on the agreed installment agreement between you and the IRS. To answer the question, “What comes after a CP523 notice?”, you will need to contact the IRS directly [...]

The CP90 is an official notice that the IRS has the right to seize your assets if you do not pay. This letter is very significant and should not be ignored, nor is it one to take lightly. If you don’t take necessary actions within 30 days, your income, property, bank accounts, retirement benefits and [...]