Understanding IRS Notices
Common IRS Notices Explained
- CP10 Notice
CP10 Notice: The IRS believes there’s a miscalculation on your tax return and made changes that may affect the estimated payment you wanted to apply to your taxes for next year.
With a staff full of experienced and dedicated tax professionals, Fresh Tax has developed a two-phase process (Tax Investigation & Tax Resolutions) and is committed to achieving a favorable tax settlement. It begins with a confidential and complimentary tax consultation from the comfort of your home over the phone so we can learn about the current financial difficulty you are experiencing and understand how you ended up in a situation where you owe the IRS
- CP12 Notice
CP12 Notice: Your tax return was corrected by the IRS and adjustments made that result in either a refund due or your original refund amount has changed.
Thanks to our two-phase approach we are able to help thousands of Americans obtain tax relief. We are known for leaving no stone unturned and constantly seeking innovative ways to achieve results.
Many tax firms will take a simple route to get their clients in IRS Payment Plans or Installment Agreements. At Fresh Tax we prioritize setting the industry standard by getting the best tax resolution possible.
- CP14 Notice
CP14 Notice: IRS sent this notice because you have a past-due tax balance that you owe money on.
- CP23 Notice
CP23 Notice: The IRS found a difference between the estimated tax payment on your tax return and the amount that was posted on your account. You now have a tax balance due with updated all changes made.
Read this notice carefully as it has a detailed explanation of why you owe back taxes, also check the list of payments the IRS applied to your account.
- CP49 Notice
CP49 Notice: This notice is explaining to you that the IRS used part or your entire refund to pay a tax debt. Please read this notice carefully as it explains how they used your refund to pay your tax balance.
- CP54G Notice
CP54G Notice: This informs you that your tax return filed shows a different name or ID number from the information the IRS has on file. Please submit the requested documentation.
- CP90 Notice
CP90 Notice: This notice is informing you of the IRS’s intent to levy certain assets. The IRS has previously sent you a notice regarding this issue with your account, but your balance is still unpaid. Read your notice carefully as it explains what steps you need to take within 30 days of your notice to prevent the levy from being issued.
- CP91 Notice
CP91 Notice: The IRS sent you this notice to notify you of their intent to levy your social security for unpaid taxes and the levy is up to 15% of your social security as a payment towards your back taxes. Please read this notice carefully as it explains what steps you need to take to prevent this levy.
- CP297 Notice
CP297 Notice: The IRS sent this notice informing you of their intent to levy specific assets for unpaid taxes and your right to a hearing. They have previously sent you a notice regarding the issue with your account, but your balance is still unpaid.
- CP501 Notice
CP501 Notice: This notifies you that you have a balance due (money you owe the IRS) on one of your tax accounts.
- CP503 Notice
CP503 Notice: The IRS is alerting you for not responding to the letters they sent you. As a result, they sent this notice as a reminder that you still have an unpaid balance on one of your tax accounts. Please read this notice carefully and act immediately.
- CP504 Notice
CP504 Notice: This is to alert you that the IRS has sent plenty of notices such as CP501, CP502, and CP503. This notice explains that the IRS intends to levy if the payment is not made immediately. The IRS may garnish your wages, levy your bank accounts as well as seize your property and levy your state income tax refund to pay the past due balance you owe.
- CP523 Notice
CP523 Notice: This notice is notifying the taxpayer of the IRS’s intent to terminate your installment agreement and seize (levy) your assets because you have defaulted on your payment plan. Please read this letter and make the payment before the IRS takes action on your payment default.
- CP2005 Notice
CP2005 Notice: The Internal Revenue Service accepted the information they received from the taxpayer. They won't change your tax return and have closed their review.
- CP2051 Notice
CP2051 Notice: The information reported on your income or payment doesn’t match the IRS records. Please contact the IRS immediately.
- Letter 668D/LP68 Notice
Letter 668D/LP68 Notice: This informs you the IRS has released the Notice of levy. You aren’t required to turn over any money or property belonging to that taxpayer.
- LT11/Letter 1058
LT11/Letter 1058: This letter is notifying the taxpayer that the IRS intends to issue a levy against your wages, bank account, and other assets. It's also explaining they will be searching for other assets that they can levy and may file a Federal Tax Lien if you don't pay your past due balance.
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