CP504 Notice
How to pay CP504 online?
The Internal Revenue Service (IRS) has a single mission as a branch of the federal government: it collects and accounts for all tax monies owed to the government. The IRS gets all of its authority from the United States Tax Code, and all actions are carried out through a variety of notices and forms. One of these forms is the CP504 notification, which is related to the IRS Tax Levy.
What is the purpose of Form CP504?
The Notice CP504 (also known as the Final Notice) is written to you because the IRS has not received payment of your unpaid debt. It informs you of how much you owe, including extra penalties and interest, when it is due, and how to pay before further collection action is taken.
The IRS takes its responsibilities for tax collection very seriously, and they have a reputation for being quite severe, to put it simply. When the IRS determines that a person or corporation has failed to pay the required amount of taxes, it can take a variety of steps. The most severe is when they decide to collect past taxes using the power of an IRS Tax Levy.
Why did you get IRS Notice CP504?
- You owe taxes that were not paid by the due date.
- The IRS issued you at least one letter asking for payment, but they never got it.
- The IRS has notified you of their intention to seize your state tax refund.
What happens if you receive Notice CP504?
After receiving the notice, there is a 21-day deadline, and if you miss it, the IRS will seize your state tax refund, put a lien on your property, and fines and interest will continue to accrue.
This is how the Notice CP504 looks:
What to do after receiving Form CP504 ?
If you agree with the sum owed and have the ability to pay in full:
Then just detach the form and pay online by visiting irs.gov/payments, just make sure to verify the social security number and tax year. Before you complete any form of payment ensure all of the information is correct.
If you agree with the sum owed but are unable to pay it in full:
If you can’t afford it, check into installment plans.
CNC status, penalty abatement and Offer in Compromise (OIC).
If you feel the tax bill was totally your spouse’s fault:
If that’s the case, you can check into “Innocent Spouse Relief” so the IRS doesn’t bother you with it.
If you have already paid your taxes or made arrangements:
Then speak with them to ensure that nothing has been overlooked and that everything is in order with your account.
If you are unsure of the amount owed:
Then set up an account with the IRS and request a tax transcript, which will reveal all the money you owe, all of the taxes you’ve paid, and everything else.
If you disagree with the amount due notice:
If you disagree, you should contact the IRS with the number on paper and request an appeal under the collection appeal process within 30 days of receiving the notification.
If the IRS has halted collection action on your account:
If you’ve previously gotten a letter stating that they’ve stopped collecting your taxes owing to financial troubles, and if your situation is the same, you can disregard this section; this is the only time you can ignore any warning.
How to get assistance with notice CP504?
Our tax representation services assist taxpayers in all cities and towns across the United States, and we specialize in assisting individuals and businesses with tax conflict concerns. BEWARE of other companies (they advertise heavily on TV, Radio, and the Internet) that are referred to as Advertisers / Tax Defenders and are typically made up of salespeople to sell you on their phantom service; they are not tax professionals with a background in a variety of skills; CPA accounting, tax law attorneys, and IRS enrolled agents.
Taxpayers seek us out on purpose because we have vast experience working with the IRS and have a deep understanding of how the IRS functions. We are well-versed in tax law and have testified in front of IRS agents and officers.
If you receive an IRS notice CP 504 Form in the mail, your best defense is to remain cool and resist the need to panic.
Call us at 877-800-8180 for a free case examination and to begin developing a game plan.