Taxation & Estate Planning

IRS Notice CP504 - It's Frightening-What It Means & What to Do About It!

By Darrin Mish

If you've received an IRS Notice CP504 you know it can be pretty scary. I actually got one of these for my own tax problem many years ago. This thing made me call the IRS immediately and immediately enter an IRS Installment Agreement for more than I should have. But when you see an IRS Notice talking about URGENT and Intent to Levy certain assets, it can be pretty unnerving. I can honestly say so from personal experience. In this video, I actually show you a copy of an IRS Notice CP504 and talk about what it means and what you should you do if you get one of these things in the mail.

Full post as published by IRS Problem Solver Blog on April 09, 2009 (boomark / email).