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CP504 Notice: Don't Ignore This IRS Letter! 🚨
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📞 Call us for solutions: 763-878-8481
Receiving a CP504 notice from the IRS can be an alarming experience, especially if you've previously filed for bankruptcy and thought all of your financial matters were resolved. This video discusses what a CP504 notice means, why it’s important to take action, and what can happen if you ignore it. The IRS sends out around 2 million CP504 notices every month, and they serve as a serious warning that the IRS is prepared to take action if you don't respond within the 30-day window.
The CP504 is a certified notice, which means you likely had to sign for it upon delivery. This indicates that the IRS is ready to move forward with aggressive collection actions, such as filing a federal tax lien, garnishing your wages, or levying your bank accounts. These consequences can be financially devastating, so it's important to understand what steps to take when you receive one of these notices.
In this video, we explain the systematic process the IRS follows in sending out these letters. While no one may be actively working on your case at the time you receive the notice, you must be aware that the 30-day countdown has begun. Failing to act within this period could trigger serious financial penalties.
If you're considering calling the IRS on your own, you should know that they will ask you for a financial statement. Many individuals who contact the IRS without professional help end up with large payment agreements because they aren't familiar with the national standards that the IRS uses to assess ability to pay. We explain what these national standards are and why it’s usually better to seek professional assistance.
Our expert, Josh, discusses how understanding these national standards can protect you from agreeing to payment terms that are beyond your means. Whether you're dealing with a CP504 notice for the first time or looking for ways to avoid further IRS action, this video provides critical information to help you navigate your situation effectively.
Don't wait until it's too late. Learn about your options and take the necessary steps to protect yourself from IRS enforcement actions. Watch now to understand the next steps you should take when you receive a CP504 notice, and how to avoid potential liens, garnishments, and levies.
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Contact Us:
📞 Call us for solutions: 763-878-8481
Watch our videos
📞 Call us for solutions: 763-878-8481
Receiving a CP504 notice from the IRS can be an alarming experience, especially if you've previously filed for bankruptcy and thought all of your financial matters were resolved. This video discusses what a CP504 notice means, why it’s important to take action, and what can happen if you ignore it. The IRS sends out around 2 million CP504 notices every month, and they serve as a serious warning that the IRS is prepared to take action if you don't respond within the 30-day window.
The CP504 is a certified notice, which means you likely had to sign for it upon delivery. This indicates that the IRS is ready to move forward with aggressive collection actions, such as filing a federal tax lien, garnishing your wages, or levying your bank accounts. These consequences can be financially devastating, so it's important to understand what steps to take when you receive one of these notices.
In this video, we explain the systematic process the IRS follows in sending out these letters. While no one may be actively working on your case at the time you receive the notice, you must be aware that the 30-day countdown has begun. Failing to act within this period could trigger serious financial penalties.
If you're considering calling the IRS on your own, you should know that they will ask you for a financial statement. Many individuals who contact the IRS without professional help end up with large payment agreements because they aren't familiar with the national standards that the IRS uses to assess ability to pay. We explain what these national standards are and why it’s usually better to seek professional assistance.
Our expert, Josh, discusses how understanding these national standards can protect you from agreeing to payment terms that are beyond your means. Whether you're dealing with a CP504 notice for the first time or looking for ways to avoid further IRS action, this video provides critical information to help you navigate your situation effectively.
Don't wait until it's too late. Learn about your options and take the necessary steps to protect yourself from IRS enforcement actions. Watch now to understand the next steps you should take when you receive a CP504 notice, and how to avoid potential liens, garnishments, and levies.
Follow Us on
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Contact Us:
📞 Call us for solutions: 763-878-8481
Watch our videos
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