What this letter means
A CP504 is the IRS’s way of saying they’re done sending reminders. The full name is Notice of Intent to Levy. A levy is when the IRS takes your money or property to pay a tax debt.
The letter says you have an unpaid balance, and that the IRS plans to take action if you don’t pay or make a plan. They can already keep your state tax refund to pay toward it.
How urgent is it?
It’s serious, but you still have time. A CP504 isn’t the last letter. The next one is usually the final notice, called an LT11 or Letter 1058. That’s the one with a hard 30-day deadline to ask for an appeal hearing.
The best time to act is now, before that final notice comes. You have more options, and more time to use them.
What we do
We check the amount first. A CP504 can be built on the same mistakes as any IRS bill. Maybe a return the IRS filled in for you, or penalties that should come off. If the number is wrong, we fix that before anything else.
We get between you and the IRS. Once you hire us, the IRS deals with us. We can often ask for a pause in collection while we work out a fix.
We find the right way out. Depending on your numbers, that could be correcting the bill, a payment plan you can keep, a pause because you can’t pay right now, or settling for less if you qualify.