Don’t Panic if the IRS is Making Your Life Miserable

Have you received a letter or notice from the IRS? As you may already know, IRS letters and notices can be hard to understand contain and give you a short window of time to respond, sometimes as little as one business day. IRS letters and notices often contain threats for late responses, such as losing your right to contest an action or lose your home.

If there is an IRS employee specifically assigned to your file, you will be informed of their name and employee title, read more here to see what type of IRS agent you are expected to deal with, and what they are capable of doing to you.

IRS notices and letters involve some of the following tax problems:

  • Delinquent tax returns and late tax payments
  • Formal notice of taxes you owe (Statutory Notice of Deficiency)
  • IRS Lien (Notice of Federal Tax Lien)
  • Seizure and Sale of your assets (Notice of Intent to Levy)

Delinquent tax returns and late tax payments – The longer you wait to file your tax returns and pay your taxes, the more serious your IRS problem becomes. The resulting penalties and interest increase each day, and your initial tax debt could triple within a very short period time.

Statutory Notice of Deficiency – This is a formal document issued by the IRS, which states how much you owe the IRS and gives you a limited time to respond. If you miss the deadline, you could lose your right to contest the assessed tax liability.

IRS Liens – When the IRS files a lien, it hurts your credit and is a negative mark against you or your business.

IRS Levy – The one notice that you should never ignore is the IRS’ Notice of Intent to Levy. If you don’t react properly to this notice, the IRS could seize your wages, bank account, automobile and your home. This is one of the IRS’ most powerful tools, and they’re more than happy to use it.

AAA Tax & Accounting is ready to use its extensive IRS and CPA tax resolution experience to aggressively defend you, handle the IRS and resolve your tax problems.

Don’t Forget that you DO have rights and options!

AAA Tax & Accounting can handle:

  1. Preparing all current and past due tax returns and contest penalty abatements
  2. Contesting the IRS’ tax assessment by reducing or eliminating taxes owed
  3. Getting liens lifted or removed
  4. Stopping wage garnishment or other levy
  5. Permanently reducing your tax debt using IRS’ Offer In Compromise Program

Understanding Your Notice or Letter

Use the following chart to find your letter or notice. The description will give you an idea of IRS intentions.

CP02H You owe a balance due as a result of amending your tax return to show receipt of a grant received as a result of Hurricane Katrina, Rita or Wilma.
CP03A You received a tax credit (called the First-Time Homebuyer Credit) for a home you purchased. This notice informs you on how to repay it.
CP03B You received a tax credit (called the First-Time Homebuyer Credit) for a home you purchased. This notice informs you that you don’t have to repay the credit as long as the home remains your main home for at least three years after you purchase it. It also explains situations where a home stops being a main home.
CP08 You may qualify for the Additional Child Tax Credit and be entitled to some additional money.
CP10 We made a change(s) to your return because we believe there’s a miscalculation. This change(s) affected the estimated tax payment you wanted applied to your taxes for next year.
CP11 We made changes to your return because we believe there’s a miscalculation. You owe money on your taxes as a result of these changes.
CP11M We made changes to your return involving the Making Work Pay and Government Retiree Credit. You owe money on your taxes as a result of these changes.
CP12 Changes to Tax Return, Overpayment
CP14 Balance Due
CP21A We made the change(s) you requested to your tax return for the tax year specified on the notice. You owe money on your taxes as a result of the change(s).
CP21B We made the change(s) you requested to your tax return for the tax year specified on the notice. You should receive your refund within 2-3 weeks of your notice.
CP21C We made the change(s) you requested to your tax return for the tax year specified on the notice. You’re not due a refund nor do you owe any additional amount. Your account balance for this tax form and tax year is zero.
CP21E As a result of your recent audit, we made changes to your tax return for the tax year specified on the notice. You owe money on your taxes as a result of these changes.
CP21I We made changes to your tax return for the tax year specified on the notice for Individual Retirement Arrangement (IRA) taxes. You owe money on your taxes as a result of these changes.
CP22A We made the change(s) you requested to your tax return for the tax year specified on the notice. You owe money on your taxes as a result of the change(s).
CP22E As a result of your recent audit, we made changes to your tax return for the tax year specified on the notice. You owe money on your taxes as a result of these changes.
CP22I We made changes to your tax return for the tax year specified on the notice for Individual Retirement Arrangement (IRA) taxes. You owe money on your taxes as a result of these changes.
CP23 Estimated Tax Discrepancy, Balance Due
CP31 Your refund check was returned to us, so you need to update your address.
CP45 We were unable to apply your overpayment to your estimated tax as you requested.
CP49 Overpaid Tax Applied to Other Taxes You Owe
CP53 We can’t provide your refund through direct deposit, so we’re sending you a refund check by mail.
CP57 Notice of Insufficient Funds
CP59 Notice to Request a Tax Return
CP88 Delinquent Return Refund Hold
CP90 Final Notice – Notice of Intent to Levy and Notice of Your Right to a Hearing
CP91 Final Notice Before Levy on Social Security Benefits
CP120 You need to send us documentation of your tax-exempt status.
CP130 Your tax return filing requirements may have changed: You may no longer need to pay the Alternative Minimum Tax.
CP139 Your tax return filing requirements may have changed: You may no longer need to file Form 941 and Form 940.
CP152 We have received your return.
CP153 We can’t provide you with your refund through a direct deposit, so we’re sending you a refund check/credit payment by mail.
CP161 Request for Payment or Notice of Unpaid Balance, Balance Due
CP166 We were unable to process your monthly payment because there were insufficient funds in your bank account.
CP178 Your tax return filing requirements may have changed: You may no longer owe excise tax.
CP231 Your refund or credit payment was returned to us and we need you to update your current address.
CP276A We didn’t receive a correctly completed tax liability schedule. We normally charge a Federal Tax Deposit (FTD) penalty when this happens. We decided not to do so this time.
CP276B We didn’t receive the correct amount of tax deposits. We normally charge a Federal Tax Deposit penalty when this happens. We decided not to do so this time.
CP297 Final Notice – Notice of Intent to Levy and Notice of Your Right to a Hearing
CP297A Notice of Levy and Notice of Your Right to a Hearing
CP298 Final Notice Before Levy on Social Security Benefits
CP501 Reminder Notice – Balance Due
CP503 Second Request Notice – Balance Due
CP504 Final Notice – Balance Due
CP521 Installment Agreement Reminder Notice
CP523 Notice of Default on Installment Agreement
CP2000 Notice of Proposed Adjustment for Underpayment/Overpayment
Letter 0484C Collection Information Statement Requested (Form 433F/433D); Inability to Pay/Transfer
Letter 0549C Balance Due on Account is Paid
Letter 0681C Proposal to Pay Accepted
Letter 0757C Installment Privilege Terminated
Letter 1058 Final Notice prior to levy; your right to a hearing
LT11 Final Notice prior to levy; your right to a hearing
LT16 Please call us about your overdue taxes or tax return.
Letter 1615 Mail us your overdue tax returns.
Letter 1731 Please help us locate a taxpayer.
Letter 1737 Please complete and site Form 433F, Collection Information Statement.
LT18 Mail us your overdue tax returns.
Letter 1961C Installment Agreement for Direct Debit 433-G
Letter 1962C Installment Agreement Reply to Taxpayer
Letter 2050 Please call us about your overdue taxes or tax return.
Letter 2257C Balance Due Total to Taxpayer
Letter 2271C Installment Agreement for Direct Debit Revisions
Letter 2272C Installment Agreement Cannot be Considered
Letter 2273C Installment Agreement Accepted: Terms Explained
Letter 2318C Installment Agreement: Payroll Deduction (F2159) Incomplete
Letter 2357C Abatement of Penalties and Interest
LT26 We have no record of receiving your tax returns.
Letter 2603C Installment Agreement Accepted – Notice of Federal Tax Lien Will be Filed
Letter 2604C Pre-assessed Installment Agreement
LT27 Please complete and sign Form 433F, Collection Information Statement.
Letter 2761C Request for Combat Zone Service Dates
Letter 2789C Taxpayer Response to Reminder of Balance Due
Letter 2840C CC IAPND Installment Agreement Confirmation
Letter 3030C Balance Due Explained:Tax/Interest Not Paid
Letter 3127C Revision to Installment Agreement
Letter 3217C Installment Agreement Accepted: Terms Explained
Letter 3228 Reminder notice.
LT39 Reminder notice.
Letter LP 47 Address Information Request
Letter 4903 We have no record of receiving your tax returns.
Letter LP 59 Please contact us about the taxpayer levy.
LP 64 Please help us locate a taxpayer.
Letter 668D We released the taxpayer’s levy.
LP 68 We released the taxpayer’s levy.


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