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Act Quickly When You Receive a Final Notice of Intent to Levy

When you owe the Internal Revenue Service (IRS) back taxes, you will begin to receive a series of letters reminding you to pay. The first couple of letters don't seem so scary, but if you continue to ignore them, you will eventually find yourself in possession of a Final Notice of Intent to Levy. Before that final notice appears, you should receive these letters from the IRS:

  • CP501: This will tell you that you have a balance due on one of your tax accounts.
  • CP503: This will be a follow-up letter stating that the IRS still hasn't heard from you and you still have an unpaid balance
  • CP504: This is an intent to levy, but it's not the final notice. If you do not pay the amount due immediately, the IRS will seize your state income tax refund and apply it to pay the amount you owe.
  • CP504B: This is an intent to levy, but it's not the final notice. If you do not pay the amount due immediately, the IRS will seize certain property or rights to property and apply it to pay the amount you owe.

 

If you still do not respond to the IRS and do not attempt to pay your back taxes—or at least let your tax attorney negotiate a deal—you will receive the Final Notice of Intent to Levy. It will come certified mail, which means you must sign for the letter and the IRS will know whether or not you have received it. The Final Notice of Intent to Levy is your notice that you have 30 days to claim a Collection Due Process hearing. Your experienced New Jersey tax attorney will be able to help you with this.

You should not panic if you receive that Final Notice, but you should act quickly so you do not get in deeper trouble. Contact the tax attorneys at Fazzio Law Offices at 855-743-0262 for a free consultation.

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