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You are here: Home / IRS TAX PROBLEMS / Notices / The 11 Most Common IRS Collection Notices

February 23, 2013 by James Grennen

The 11 Most Common IRS Collection Notices

The IRS uses a series of notices to collect back tax debt from delinquent taxpayers. While these notices first tell taxpayers of the balances due, they lead increasingly to stronger enforcement action. The IRS uses these notices to warn taxpayers about wage garnishments, bank levies and tax liens.  It is a serious mistake to ignore any IRS collection notice. If you have received an IRS collection notice, you should immediately an experienced IRS tax specialist in your local area. These professionals have the experience to examine your circumstances and then develop a suitable tax relief solution for you. It is important to realize that ignored tax problems only worsen and get stressful over time. These tax problems will never go away unless addressed. Below is a descriptive list of the 11 most common IRS collection notices:

Important IRS Notice Envelope

CP 14 – Preliminary IRS Collection Notice

This non-urgent notice tells the taxpayer of a past due tax debt.

CP 49 – Notice of Tax Refund Seizure

The IRS takes your tax refund to pay for prior taxes due.

CP 501 – First Notice From Automated Collection System

This is the first urgent notice. Future notices will become more threatening.

CP 503 – Final Notice Before Notice of Intent to Levy

This notice tells the taxpayer about the seriousness of the tax problem and needs immediate action.

CP 504 – Notice of Intent to Levy

This IRS notice is serious. The IRS will seize property once 30 days have elapsed. Wages and bank accounts are the most common.

CP 523 – Notice of Installment Agreement Default

This is another dangerous IRS notice. The IRS is familiar with the taxpayer’s finances. They can easily seize property after 30 days has elapsed.

CP 90 – Notice of Intent to Seize Property

This notice is similar to the CP 504 Notice.  Wages and bank accounts are the most common targets.

CP 91 – Notice of Intent to Seize Social Security Benefits

The IRS can seize 15{bf3da7fb6a4d0e0e3790d09a79b980fc065e33e2f3a2d49280f7e95b82f4982b} of benefits. This could lead to financial hardship for taxpayers on a fixed budget.

CP 668 Y(c) — Notice of Federal Tax Lien

The IRS fixes it’s position among your creditors by filing a tax lien at your local county office.  The lien gives the IRS an  interest in a taxpayer’s property. This can include real estate.

CP 668 A(c) — Notice of Federal Bank levy

The bank will hold your money in escrow for 21 days before they give it to the IRS. The taxpayer should consult with  a tax relief specialist immediately.

CP 668 Y(c) — Notice of Federal Wage Garnishment

The IRS can take a significant chunk of your wages.

Filed Under: Notices Tagged With: irs notices

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James Grennen is a Certified Tax Resolution Specialist who is expert in solving IRS tax problems and New York State tax problems. He has decades of financial tax experience in addition to being an IRS Enrolled Agent.

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