• CP14, Balance Due: Informs the recipient that there is a balance due on his or her individual tax account. Next is the Letter 1058- Final Notice of Intent To Levy Click the following link to see what page one of a Notice CP14 looks like: Notice CP14. If you receive the last notice and don’t pay the balance or make other arrangements to pay, the IRS can levy your income and assets, garnish your wages and take money in your bank accounts. These are follow-up notices usually sent automatically to taxpayers who do not respond to their original balance due notice, CP14. […] The IRS has temporarily stopped mailing three balance due notices: CP501, CP503, and CP504. The last in the series is the CP 504- Notice of Intent To Levy. IRS mails a Notice CP501 by regular mail. Important Notice (CP-501) If you don’t pay the taxes owed, as shown in the balance due letter, the IRS, in short order, will send out an “important notice” on form CP501. You must pay the amount listed on this notice by the date listed, unless you are unable to pay in which case you may be able to arrange a payment plan. CP14 (Notice of outstanding taxes) CP501 (Reminder of unpaid taxes) CP503 (Second reminder of unpaid taxes) CP504 (Notice of Intent to Levy) Letter 1058/LT11 (Final Notice of Intent to Levy and Notice of Right to Appeal) CP504 recipients should take this first notice of levy seriously to avoid ending up with the dreaded LT11. The five letters are often called the collection “notice stream” (notice numbers CP14, CP501, CP503, CP504, and L1058/LT11). CP14: This notice is sent by the IRS when you owe money on unpaid taxes. ... • CP501, Reminder – Balance Due: Informs the recipient that he or she still has a balance due on his or her account and that the IRS can file a Federal Tax Lien if the recipient doesn’t pay the entire amount within 10 days. The United States Tax Court Decision in Vinatieri v. Commissioner of Internal Revenue, 133 T.C. IRS uses CP 501 to remind taxpayer of past due taxes. Read this notice carefully as it will explain how much you owe and how to pay it. (More information is available on the IRS’s “Understanding Your CP14 Notice” page). You must pay the amount listed on this notice by the date listed, unless you are unable to pay in which case you may be able to arrange a payment plan. Read this notice carefully as it will explain how much you owe and how to pay it. The next notice is a CP501, which reminds the taxpayer that he or she has a balance due with the IRS. There is no legal procedural significance to a Notice CP501. 392 (2009), now seems to stand for a marked departure from prior collection standards. However, interest adds up after the date listed on the “IRS balance due notice” (CP14). Second, Notice CP501, Status 20. CP14 (Notice of unpaid taxes) CP501 (Reminder of unpaid taxes) CP503 (Second reminder of unpaid taxes) CP504, CP 90, or Notice CP297 (Notice of Intent to Levy) Letter 1058 or LT11 and other letters (Final Notice of Intent to Levy and Notice of Rights to Appeal). CP14: This notice is sent by the IRS when you owe money on unpaid taxes. If a business entity, this is the first of four IRS sequential collection notice letters. This is the first in a series of notices (CP501, CP503, CP504) each become more threatening in its language. In Vinatieri, a pro se taxpayer filed a petition for review of the IRS settlement officer’s determination to proceed with a levy for unpaid 2002 taxes.
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