How to properly respond to an IRS Notice of Intent to Levy CP 504
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- Опубликовано: 11 июн 2017
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The IRS CP504 is a scary letter that is a bit misleading. While it gives the IRS the ability to intercept your state refund check, the IRS stll has one more notice they MUST send out before they can undertake any other type of enforced collection.
In this video, Anthony and Claudine go over the specific language of this notice of intent to levy and translate it into something you can understand.
Before you call the IRS or ignore this letter, learn what your best way to respond is by watching this video
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WHERE, in any law, is payroll earnings taxable as "income" 🤔
WHERE, in any law, is a "frivolous penalty" enforceable 🤔
Most people are not liable for federal income tax. I wish you would talk about that.
I filed my taxes feb,6,2018 i received the cp504 notice feb,10,2018 i have more then enough to pay what i owe with my tax return will they take it out immediately
Yeah I think they will intercept your refund.
I received cp 504 in 2012. This is for my late uncle IRA account. He died in 2010. I'm legal Administrator. How can I resolve this IRS issues. Please help me
I’ve got a CP504 from 2015 for 6 grand
I own no assets and don’t work currently
Why haven’t they intercepted my returns from 16/17/18 years ??
That is interesting. This is what we know. The IRS intentionally does NOT levy and lien delinquent taxpayers because if they did levy and lien everyone who owed taxes, that would create a huge amount of inbound calls to Automated Collection Services (ACS) that the IRS's reduced staff can not handle without 2 hour hold times -- the IRS will actually disconnect your call after 2 hours as a "Courtesy." One of the things the IRS is scored on is these hold times. So by governing enforced collections to what the IRS's system can handle, the IRS will score higher for "customer" service. Perhaps not intercepting your refund is a function of this?
One of the great ironies is that even though the tax code has never been as expansive as it is now, there has never been a better time to owe money to the IRS. The IRS is to overwhelmed to handle it mandated enforced collection duties. The problem comes when your tax debt gets close to expiring. Then the IRS can turn quite aggressive and sometimes their prior leniency can feel like just enough rope to hang you.
So.. do i ignore it or not?! and how do i deal with it? please help!
1. Are you current will your tax filings? 2. Are you withholdings or estimated payments what the IRS requires. If so, you are ready to deal with CP 504
Now what is the best way to deal with it? I don't know yet. Feel free to drop us a line with more details and we can give you a cost estimate if you are interesting in having someone help you with this. info@irsmedic.com
can I fight this and come out the other end not having paid them a dime?
PhdMusic03 Yes you can. You don’t owe anything to the IRS. It’s fucking fraud
Yes you petition the U.S. TAX COURT and pay $60 filing fee and assert what I posted earlier that TAXABLE YEARS ENDED AUGUST 16 1954 and you are NOT one or any of the people listed under 6331(a) AND therefore not eligible to be levied upon
@@dennishipsley8703 Whatever you posted earlier is no longer there. Can you re-post? I am currently responding to CP504
@@dennishipsley8703 My comment was removed. Can you elaborate on what you posted earlier? I am responding to this notice.
So how are you supposed to respond? Don't worry about it? Should I call them?
Thanks for your questions, Rich.
The CP504 is sort of an annoying notice that bugs us a lot. Because if you don't respond, the IRS still have to issue a Final Notice of Intent to Levy (or equivalent) to levy or garnish you. And it is that Final Notice which gives you the right to appeal. Appeals is where we get our deals.
So normally, if we represent someone we ignore the CP504. However the annoying part is after the IRS issues a CP504, they wait 30 days, they can file a Federal Notice of Tax Lien. When the lien is filed, THEN you get appeal rights. This is such a backwards situation, and should be an illegal process. The IRS should only be able to lien after a right to a hearing.
So in cases where we think a lien might be issued after a CP504, we are going to look to see if there are other periods open for an appeals hearing, or in the alternative, submit an installment agreement request with reason why a lien should not be issued, or file an offer in compromise which tend to stop the liens from being filed while the offer is pending.
Please let us know if this helps.