tax pro advisor logo
IRS NoticesCRITICAL URGENCY

Received IRS Notice CP504? Stop the Levy Now

This is your final warning before the IRS seizes your state tax refund and can begin levying assets.

Critical Deadline

30 days from notice date before IRS can levy state tax refund

Note: Strategy Sessions require a $250 analysis fee, applied 100% toward your final service.

(512) 260-5837

Understanding CP504 Notice

IRS Notice CP504 is an urgent final notice indicating you have an unpaid tax balance and the IRS intends to levy (seize) your state tax refund. This notice is typically the fourth in a series of balance due notices and represents a significant escalation. If you don't respond, the IRS will seize your state refund and may proceed to levy bank accounts, wages, and other assets.

IRS Authority: IRC § 6331

What Happens If You Don't Act

Immediate seizure of your state income tax refund
Progression to bank account and wage levies
Potential seizure of business accounts and receivables
Continued penalty and interest accumulation
Possible federal tax lien filing
Escalation to more aggressive collection actions

How The Tax Pro Advisor Resolves This

Helping Austin and Leander business owners resolve cp504 notice issues with proven strategies and direct IRS representation.

1Respond immediately to stop refund seizure
2Negotiate installment agreement to prevent further levies
3Apply for penalty abatement to reduce total owed
4Request Currently Not Collectible status if appropriate
5Review assessment for accuracy and potential reduction
6Establish communication channel with IRS Collections

IRS Forms & Documents We Prepare

Form 9465 (Installment Agreement Request)Form 433-A/B (Collection Information Statement)Form 843 (Penalty Abatement Request)Form 656 (Offer in Compromise)

Frequently Asked Questions

What is IRS Notice CP504?

CP504 is an urgent notice stating the IRS intends to levy (seize) your state income tax refund to pay your federal tax debt. It's typically the final notice before the IRS begins seizing assets.

How long do I have to respond to CP504?

You should respond immediately, but the IRS generally waits 30 days from the notice date before seizing your state refund. Taking quick action is essential to prevent escalation to bank and wage levies.

Can I settle this for less than I owe?

Yes. We can negotiate an installment agreement, request penalty abatement, or submit an Offer in Compromise to settle for less. The key is responding before levies begin.

Don't Wait Until It's Too Late

The longer you wait, the fewer options you have. Get a free, confidential consultation to understand your situation and next steps.

Note: Strategy Sessions require a $250 analysis fee, applied 100% toward your final service.

Ready to protect your business from IRS and payroll tax issues?

Schedule a consultation to review your situation and options.

Copyright © 2024 | Tech Simply Web Design | All Rights Reserved