Thursday, November 17, 2011

IRS Notice

The IRS is sending out a lot of Notices this time of the year.  Don't panic yet.  First, figure out the type of Notice.  You can do this by looking at the top right hand corner of the Notice.  There are numbers in the top right corner.  The numbers usually follow the reference letters "CP". Then look for the numbers after the CP.  Does the Notice have the numbers of "504" "503" "21" "17".  The Notice to before a levy is the CP 504 .  The CP 503 Notice is one prior to the CP 504 Notice.  The other numbers are just reminder Notices as to how much you owe...like you forgot.  If you received a CP 504 Notice you must do something now.  All other Notices besides a CP 504 Notice gives you time. 

If you received a Notice and need help with it let me know.  There are things to do to avoid a levy.