Friday, May 15, 2009

IRS Certified Mail - It's Serious!

Certified mail from the Internal Revenue Service is serious and should be treated the same way you would treat a rattlesnake that’s about ready to strike. The IRS is issuing the taxpayer a warning that they are going to strike. Coming from the IRS the threat is real and it must be addressed quickly. Usually the first certified letter a taxpayer will receive from the IRS will be a CP 504. This is an initial notice the IRS will send out notifying a taxpayer they are intending to take action to collect on an outstanding tax account.

In many instances when a taxpayer owes a tax debt and it has progressed to the point where the IRS is sending this type of notification the taxpayer usually does not have the funds necessary to pay the tax debt in full. It is for this very reason that the taxpayer must take immediate action on the letter and get help because the IRS is getting ready to strike. The first place the IRS strikes is the taxpayer’s rear end, specifically their wallet. The IRS will issue a wage levy against the taxpayer’s paycheck taking up to 85% of the taxpayer’s salary!

Most taxpayers, not all, financial affairs are much like dominos delicately arranged on a table. If one domino falls it could cause some of the others to fall. When the IRS issues a wage levy it is just like knocking over the very first domino in a string of dominos causing all the others to fall, one right after the other. When a taxpayer’s income is drastically reduced it usually causes other financial problems to occur immediately. If you have received a CP 504 take action! Get help immediately! A tax professional can be an invaluable resource when dealing with this type of situation.

4 comments:

Anonymous said...

I would like to thank you for sharing your thoughts and time into the stuff you post!! Thumbs up

IRS Debt

darrell moddy said...
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darrell moddy said...
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Unknown said...

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