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CP 90 - Tax Masters Explains What IRS Notice CP 90 Means

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CP 90 - Tax Masters Explains What IRS Notice CP 90 Means

What is a CP 90?

A CP 90 is an IRS tax notice that gives a final warning of intent to levy and notice of your right to a hearing.

What does CP 90 mean?

It means that the IRS can take your money from your bank, apply liens to all property you own, and garnish your wages within 30 days of the date on the notice. It also means that you have a right to request a hearing in which you can state your case and defend yourself.

How serious is IRS tax notice CP 90?

VERY serious! On a scale of 1 to 10, this is a 10! The worst thing you could do at this point is ignore the notice.

What Should I do when I receive a CP 90?

The first thing you should do is look at your situation realistically. If you can afford to pay your back taxes, call the number listed in the CP90 and arrange payment with the IRS. However, if you cannot afford to pay, be careful. It may be in your best interest to seek tax problem help before talking to the IRS.

Based on your situation, you should:

* Pull all of your money out of the bank, sell your stuff, and move to a non-extradition country. (This is meant in humor. This is a joke. Please do not do this or claim that we told you to do it. That would be ridiculous. Really.)

* Call a reputable tax resolution firm, an Enrolled Agent, CPA, or tax attorney familiar with dealing with debt cases and have the IRS notice in front of you to reference. You want to do all of this as fast as possible because it may already be too late to stop the levy/lien/garnishment, and then it will cost much more to get it removed. When you call a professional, make sure to have accurate figures so they can accurately diagnose the severity of your tax problem.

Important thing to know about CP 90

The IRS knows their system is typically slow, so they may start the process of levy/lien/garnishment before your 30 days is up. This means you need to deal with this IMMEDIATELY (it may already be too late). Also, remember the IRS will not deal with a taxpayer in any way before they have filed ALL delinquent tax returns. In other words, before the lien/levy/garnishment can be stopped, the taxpayer has to file all old returns. THERE ARE NO EXCEPTIONS!

Disclaimer: The above should not be taken as tax advice, but as common sense responses to IRS notices.

ArticleSource: ArticlesAlley.com
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Houston based Tax Masters has served tens of thousands of clients and had incredible success with assisting taxpayers with regaining IRS compliance. TaxMasters solves your tax problems.
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