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Understanding IRS CP90 Notice

The CP90 notice is a critical communication from the IRS, informing you that they intend to levy certain assets due to unpaid taxes. This notice is sent after previous bills and notices have been ignored, and it signifies a more severe step in the IRS's collection process. It details the amount of tax you owe and warns of the impending levy on your assets, including wages, bank accounts, or other property.

An example envelope from the IRS with a CP90 notice prominently displayed. The notice is addressed to James & Karen O. Sparrow and shows an immediate amount due of $5,947.81, with a warning of intent to seize assets and the right to a hearing if the amount is not paid.

Understanding IRS CP90 Notice

An envelope from the IRS with a CP90 notice prominently displayed. The notice is addressed to James & Karen O. Sparrow and shows an immediate amount due of $5,947.81, with a warning of intent to seize assets and the right to a hearing if the amount is not paid.

The CP90 notice is a critical communication from the IRS, informing you that they intend to levy certain assets due to unpaid taxes. This notice is sent after previous bills and notices have been ignored, and it signifies a more severe step in the IRS's collection process. It details the amount of tax you owe and warns of the impending levy on your assets, including wages, bank accounts, or other property.

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Key Points of IRS CP90 Notice

IRS CP90 notice is a bill on an unpaid tax debt you owe, and it demands immediate payment or the IRS will levy your assets to collect the outstanding tax debt. This is sent after multiple unanswered efforts by the IRS to contact a taxpayer about their tax debt. You should contact the IRS immediately and either pay the amount due or set-up a payment plan, as a levy can have significant financial implications, affecting various assets or sources of income.

How to Respond to IRS CP90 Notice

Receiving the CP90 notice necessitates immediate action. Start by thoroughly reviewing the notice to ensure the accuracy of the debt claimed by the IRS. Update your tax records accordingly. If you agree with the notice, arranging the balance payment is imperative to avoid the levy quickly. If the full payment isn't feasible, contact the IRS to discuss potential payment options or alternatives to the levy. Should there be discrepancies in the notice, or if you need additional information, use the provided contact details to communicate with the IRS. Swift action and communication with the IRS are crucial in this situation.

Possible Consequences of Not Responding

Ignoring the CP90 notice can lead to severe consequences, including the actual levy of your assets. This action by the IRS can significantly impact your financial situation, and it's often more challenging to resolve once levies are in place.

When to Seek Professional Help

If youā€™re uncertain about the debt's validity, struggling to understand the notice and its implications, or needing assistance managing the situation or preventing the levy.Ā We can help! Our team of experts can offer invaluable advice and represent and resolve your situation with the IRS on your behalf.Ā 

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Frequently Asked Questions (FAQs)

Conclusion

The IRS CP90 notice is a serious indication that the IRS is moving forward with levying your assets due to unpaid taxes. Prompt and careful handling of this notice is essential to manage your tax liabilities and prevent drastic measures like asset levies.

Additional Resources

Understanding Your CP90 Notice

IRS Payment Options

Offer in Compromise