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.
| Additional articles about Tax Masters |
|
|
| About the author |
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. |
| Please Rate This Article |
Number of ratings: 0
Rating: 0