If you've recently received an IRS Notice CP90, you're probably feeling anxious and confused about what it means for your tax situation. It’s important to understand that this notice isn’t the end of the road, but rather a signal that the IRS is taking action regarding unpaid taxes. In this article, we’ll break down what IRS notice CP90 is, what it signifies, and how you should respond to avoid severe consequences like a tax levy.

What is IRS Notice CP90?

IRS Notice CP90, also known as a Notice of Intent to Levy, is a serious communication from the Internal Revenue Service. It indicates that the IRS has made an official decision to initiate a tax levy on your property or income because of unpaid taxes. The CP90 notice is typically sent after the IRS has made multiple attempts to resolve the issue through earlier notices (like CP501 or CP503) and no action has been taken to settle the debt.

Why Did You Receive IRS Notice CP90?

The IRS issues a CP90 notice for one simple reason: you owe taxes that remain unpaid. The CP90 serves as a warning that unless you address the debt, the IRS has the legal authority to seize your assets. These can include things like:

• Wages: The IRS can garnish your paycheck.

• Bank Accounts: The IRS can levy your bank accounts, freezing and taking funds.

• Property: In extreme cases, they may seize property like homes, vehicles, or other valuable assets.

Key Details in IRS Notice CP90

When you receive a CP90 notice, it will contain critical information about your tax situation. Be sure to check the following details:

1. The Amount You Owe: The notice will state how much you owe, including any penalties and interest that may have accumulated.

2. The Deadline to Respond: The IRS typically gives you 30 days to respond to the notice before they begin the levy process.

3. Contact Information: If you need to discuss the matter, the notice will provide the IRS contact information, including a specific phone number.

4. Your Rights: You are entitled to appeal the levy or make arrangements to settle the debt through payment plans, offers in compromise, or other alternatives.

How to Respond to IRS Notice CP90

Receiving a CP90 notice can be overwhelming, but ignoring it can lead to serious financial consequences. Here are the steps you should take:

1. Review the Notice Thoroughly

First, carefully examine the CP90 notice. Verify that the amount you owe is accurate. If the debt is correct, you’ll need to respond within the specified timeframe. If you believe the IRS has made an error, it’s crucial to act quickly to resolve the issue.

2. Consider Your Payment Options

If you can afford to pay the full amount owed, this is the quickest way to resolve the issue. The IRS offers several payment options, including:

• Full Payment: Pay the full debt in a lump sum to stop the levy.

• Installment Agreement: Set up a monthly payment plan if you can’t pay the entire debt at once.

• Offer in Compromise: If you qualify, this program allows you to settle your debt for less than the full amount owed. This is typically for taxpayers who can’t pay the full amount due to financial hardship.

3. Appeal the Levy

If you believe you shouldn’t owe the debt or the amount is incorrect, you can appeal the IRS’s decision. You have the right to request a hearing with the IRS Office of Appeals within 30 days of receiving the CP90 notice. Make sure to prepare all necessary documentation to support your case.

4. Consult a Tax Professional

Dealing with IRS notices can be complex, and navigating the system on your own can be stressful. It’s a good idea to seek assistance from a tax professional who can help you assess your situation and negotiate on your behalf. Fortress Tax Relief specializes in helping taxpayers resolve tax issues and offers expert guidance through the IRS process. Their team can assist you in understanding your options and taking the right steps to protect your assets.

Consequences of Ignoring IRS Notice CP90

Ignoring a CP90 notice could lead to significant consequences. If the IRS moves forward with the levy process, they can:

• Seize Funds: They can garnish your wages or take funds from your bank account.

• Seize Property: The IRS may take property such as cars, real estate, or business assets to satisfy the debt.

• Increase Penalties: Failing to respond or pay taxes may result in additional penalties and interest, making your tax burden even larger.

How Fortress Tax Relief Can Help

At Fortress Tax Relief, we understand the stress and confusion that comes with receiving a notice like CP90. Our team of tax professionals can help you navigate the IRS process, ensure you understand your rights, and take the necessary steps to resolve your tax issues. Whether negotiating a payment plan or helping you file an appeal, we are here to support you every step of the way.

Conclusion: Taking Action Today

Receiving an IRS Notice CP90 can be intimidating, but it’s not the end of the world. The key is to take action immediately to avoid severe consequences. Whether you pay the debt, negotiate an installment plan, or appeal the levy, there are options available to help resolve your situation.

At Fortress Tax Relief, we are dedicated to providing expert tax relief solutions. If you're unsure of how to proceed, don’t wait. The longer you delay, the more challenging the situation can become. Contact our team today to get the help you need to regain control over your financial future.

Remember, with the right support, you can turn a stressful tax situation into a manageable one.