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  • Joe Alabi EA MAcct

Minnesotan's: IRS Notices you might receive if you owe back taxes.

Updated: Aug 23

I represent taxpayers in New Hope, Minnesota and all the 50 States in the United State before all administrative levels—examination, collection, and appeals—of the Internal Revenue Service (IRS).

The IRS sends out several notices to taxpayers. In this blog, I want to talk about notices you might get if you owe back taxes or have issues with your tax return to the IRS. Here are some of the notices:

IRS504B Notice

There is an unpaid amount due on the taxpayers account. If they do not pay the amount due immediately, the IRS will seize (levy) their state income tax refund and apply it to pay the amount owed. This is usually the final notice before the IRS acts.


If the taxpayer doesn't pay the amount due or make payment arrangements, the IRS can file a Notice of Federal Tax Lien on the taxpayers’ property at any time, if they haven't already done so. In addition, if the taxpayer doesn't pay the amount owed by the due date on the notice, interest will increase, and additional penalties may apply.

CP2531 Notice

The IRS has received information not reported on the tax return. If they do not receive a response by the due date of the letter, the IRS will issue a notice of proposed changes. The solution is to review the notice carefully and compare the notice to the actual tax return filed.

CP2030 Notice

The IRS computer system matched the information reported on the taxpayer's return with information reported by third parties. A discrepancy was found causing the notice to be generated and mailed to the taxpayer(s). The charge may cause an increase or decrease in the tax or may not change it at all.

CP297C Notice

The IRS has issued a notice of levy to collect unpaid federal tax. They issued this levy because they still haven’t received a full payment despite sending several notices about the overdue taxes. This letter is also notification of the taxpayers' right to request an Appeals hearing (under Internal Revenue Code (IRC)Section 6330(f)).

Because the taxpayer is a federal contractor, they were not given the right to a pre-levy hearing (Internal Revenue Code section 6330). However, they can appeal the levy of their assets by requesting a Collection Due Process hearing within 30 days from the date of the notice.

CP92 Notice Seizure of State tax refund

The IRS has sent this notice to inform the taxpayer that they intend to levy on certain assets.

The recipient has a balance due on their account that the IRS has previously sent notices about. That balance due was still unpaid, and the IRS levied the taxpayers state tax refund. However, the taxpayer can appeal the levy of their assets by requesting a Collection Due Process hearing within 30 days from the date of the notice.

If you or someone you know have received any of the above notices, please feel free to contact me at by email at joe.alabi@fishcointax.com.

Joe Alabi EA MAcct(Taxation)

FishCoin Tax Solutions

Ph. (612) 516 – 5878

Fax (651) 409 -2021

www.fishcointax.com

Email : info@fishcointax.com


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