Introduction: What is IRS Notice CP90?

If you've recently received an IRS notice CP90, you're likely feeling a mix of confusion and concern. The CP90 is a critical notice from the Internal Revenue Service (IRS) that signals your tax debt is serious and immediate action is required. Understanding the importance of this notice and how to respond promptly can make all the difference in resolving your tax issues before they escalate further. In this article, we will break down what IRS Notice CP90 is, why it matters, and the steps you should take to resolve the situation.

What Does IRS Notice CP90 Mean?

IRS Notice CP90, also known as the "Final Notice of Intent to Levy and Notice of Your Right to a Hearing," is a formal communication from the IRS indicating that your tax liability has not been addressed after several attempts to contact you. This notice informs you that the IRS intends to take action by levying your wages, bank accounts, or other assets to collect the debt. It also outlines your rights to request a hearing within 30 days to contest the levy.

Why Did You Receive IRS Notice CP90?

Receiving this notice typically means that the IRS has made repeated attempts to contact you regarding your unpaid tax debt. The agency may have sent previous notices, including a CP14 or CP503, without receiving a response or payment from you. The CP90 serves as a final warning before more aggressive actions, such as wage garnishments or bank levies, are taken.

Key Elements of IRS Notice CP90

IRS Notice CP90 includes several important details that you need to be aware of:

  1. Tax Debt Amount: The notice will specify the exact amount of tax owed, including any penalties and interest that have accumulated.

  2. Intent to Levy: The IRS informs you that it plans to take enforced collection actions, such as seizing assets.

  3. Right to a Hearing: You have the right to request a hearing within 30 days to challenge the levy or negotiate a resolution.

How to Respond to IRS Notice CP90

Responding to IRS Notice CP90 is crucial, as failure to take timely action could lead to wage garnishment, bank account levies, or other collection efforts. Here's how you can respond effectively:

  1. Review Your Tax Records
    Start by carefully reviewing your tax records to ensure the IRS’s claim is accurate. Check your returns, payments, and any correspondence from the IRS. If you believe the tax liability is incorrect, you may be able to dispute it.

  2. Contact the IRS
    If you have questions or believe there is an error, contact the IRS at the number provided in the notice. Ensure you have your tax information on hand for verification purposes.

  3. Request a Hearing
    If you disagree with the IRS’s actions, you have the right to request a hearing within 30 days. This will give you the opportunity to present your case and potentially avoid a levy or negotiate a payment plan.

  4. Explore Payment Options
    If the debt is valid but you’re unable to pay in full, the IRS offers several payment options, including installment agreements and Offers in Compromise (OIC). An OIC may allow you to settle your debt for less than the full amount owed, depending on your financial situation.

  5. Seek Professional Assistance
    Dealing with IRS notices can be overwhelming, especially when facing potential levies. If you're unsure of how to proceed, consider seeking help from a professional tax relief firm like TaxFortress. TaxFortress has been assisting taxpayers in resolving their tax liabilities since 2003, providing expert guidance and representation to navigate the complexities of the IRS.

The Consequences of Ignoring IRS Notice CP90

Ignoring IRS Notice CP90 can lead to severe consequences, including the seizure of your property, garnishment of wages, and withdrawal of funds from your bank accounts. The IRS has broad authority to collect unpaid taxes, and once they initiate a levy, it can be difficult to reverse the process without quick intervention.

How TaxFortress Can Help You Resolve Your IRS Tax Issues

TaxFortress understands how stressful and complex dealing with the IRS can be. Since 2003, TaxFortress has been helping American taxpayers resolve tax liabilities and other related financial problems. As a medium-sized firm, we offer personalized service to ensure that your case gets the attention it deserves, while also keeping up-to-date with IRS rules and regulations. Our team can help you review your notice, determine the best course of action, and represent you in negotiations with the IRS to resolve your tax debt.

Conclusion: Take Action to Protect Your Financial Future

Receiving IRS Notice CP90 is a serious matter, but it's not the end of the road. By acting quickly, understanding your options, and seeking professional help when necessary, you can take control of your situation and avoid further IRS collection actions. Remember, you have the right to contest the levy and work out a resolution. Ignoring the notice will only make the situation worse. Take action today to protect your financial future and resolve your tax issues with the help of experienced professionals like TaxFortress.

If you have received an IRS Notice CP90, don't wait. Reach out to TaxFortress today to discuss your case and explore your options for resolving your tax liabilities.