IRS COLLECTION NOTICES AND LETTERS

There are hundreds if not thousands of IRS Notices, Letters, CP (Computer Paragraphs), etc. Any of them regarding unfiled tax returns or unpaid taxes should be read carefully. Do not go into a trance an do nothing. Read the letter very carefully. Is there a deadline date to do something? To do what? Are they asking for a response? A phone call? What? Again, read the letter carefully and determine what they want you to do by when and are there any consequences like levying your bank or paycheck? If you cannot handle the letters how could you handle talking to the IRS or trying to resolve your tax problem? Consider hiring a professional. In the meantime, here is a sampling of some of the IRS letters.

Letter 11 - Final Notice of Intent to Levy and Notice of Your Right to a Hearing
Do not ignore this notice. The next step for the IRS is to place a levy on your liquid assets (most likely your bank account) and your wages. If you owe $20,000 or more, you should call Demetriou, Montano & Associates immediately so that we can help you avoid the levy. If you owe $20,000 or less, you should call the IRS at the number on the notice today to work out a payment plan.

Letter 1058 - Final Notice Reply Within 30 Days /Collection Due Process Notice
Do not ignore this notice. Like Letter 11 this notice requires an immediate response. If the IRS does not hear from you or from your representative, they will move to the next stage of collection, which could include levies, liens or garnishments of your wages.

CP 504 - Urgent!! We Intend to Levy on Certain Assets. Please respond NOW.
Do not ignore this notice. A CP 504 is not quite as urgent as the first two. You have more time to respond. However, if you ignore this notice you will soon receive the final notice if there is no action. The CP 504 warns you that collection action such as wage garnishments, bank levies or tax liens and seizures of assets are next.

Letter 1085 - 30-Day Letter Proposed 6020(b) Assessment
Do not ignore this notice. One more way to tell you that action is imminent that may cripple your financial world even more than is already the case. You should call the IRS if you owe less than $20,000. They will work with you to set up a payment plan. If you owe more than $20,000, you would be wise to consider a call to a tax professional like Demetriou, Montano & Associates.

Letter 3172 - Notice of Federal Tax Lien Filing and Your Rights to a Hearing under IRC 6320
If you have ignored the previous letters or failed to do what you promised, this letter lets you know that a lien has been placed on your assets. It is very difficult to get this lien removed unless and until you have paid the amounts owed in full. However, if you fail to act now to resolve your tax debt, the IRS can and will look for assets to levy.

CP 90 - Final Notice of Intent to Levy
Do Not ignore this letter.This letter is very similar to Letter 11. The next step for the IRS is to place a levy on your liquid assets (most likely your bank account) and your wages. If you owe $20,000 or less, you should call the IRS at the number on the notice to work out a payment plan, but do NOT commit to a monthly payment you cannot make. If you owe $20,000 or more you should call Demetriou, Montano & Associates immediately so that we can help you avoid the levy.

CP 92 - Notice of Levy upon Your State Tax Refund
If you have ignored the previous letters or failed to do what you promised, this letter lets you know that a levy has been placed on your state tax refund. Any refund due you will go to the IRS instead. It is very difficult to get this levy removed until you have paid the amounts owed in full. However, if you fail to act now to resolve your tax debt, the IRS can and will look for other property to lien or liquid assets to levy.

CP 242 - Notice of Levy upon Your State Tax Refund
This letter lets you know that the IRS can take your state tax refund. Any refund due you will go to the IRS instead. It is very difficult to get this removed until you have paid the amounts owed in full. However, if you fail to act now to resolve your tax debt, the IRS can and will look for other property to lien or liquid assets to levy.

CP 523 - IMF Installment Agreement Default Notice
If you don't make a payment as promised or if you incur new past due taxes your installment agreement will default. You can appeal the default or you can call the IRS to discuss a new agreement. If you are concerned that you may not be able to successfully negotiate an agreement that you can afford call Demetriou, Montano, & Associates at.

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