CP 523 – Notice Of Intent To Levy – Defaulted On Installment Agreement
Unique Solutions to Your IRS Problems
Guaranteed*
Over 3000 Satisfied Customers Since 1980
Why Choose Us?
Held To Highest Standard
Knows the IRS Inside and Out
IRS Problems, Tax Problems, Tax Accountants, IRS Tax Attorneys, Tax Relief Help CPA, In Houston, Texas.
“Solving IRS problems has been my life’s work. After 30 years and 1,000’s of successful tax cases I can safely say, “I know the IRS Business like the back of my hand”. How would you like to never worry about the IRS again? Let my past knowledge and experience work for you”
– Joe Mastriano, CPA
Joe is a member of the Sugar Land Rotary, whose mission includes promoting integrity, fellowship, and good will.
Free Evaluation
What Our Clients Say About Us
Ran JeetInternational Holdings
Chris – Web Designer
Einar Pedersen Businessman
Ibrahim Chhapra Store Owner
Herman
Let Our Accounting Firm Help You Solve All Your IRS Problems…
Free Evaluation
When you receive a CP 523 notice…
This means that you have failed to make a payment on the formerly arranged installment agreement and now the IRS intends to levy your assets. Basically, this is a notice that you will receive if you do not follow the terms of the IRS installment agreement and now you are in default status. When you look at the CP 523 form, you will find the reason for the default, and it will state that the Internal Revenue Service or IRS intends to levy, and what you can do about it.
The CP 523 notice will also state what kind of rights you have and what measures you can undertake to prevent the levy on your assets. Basically, the CP 523 notice is a notice that has been sent to you because the IRS is canceling the installment agreement. You will find the reasons why the IRS intends to terminate the installment agreement. Some reasons are…
- You did not file your tax return.
- You have a new balance that was assessed .
- You have missed a payment.
While the CP 523 notice is not something that people look forward to, there is nothing you can do to stop the IRS from sending it to you. This is actually an official termination of your installment agreement.
The CP 523 notice will also state what kind of rights you have and what measures you can undertake to prevent the levy on your assets. Basically, the CP 523 notice is a notice that has been sent to you because the IRS is canceling the installment agreement. You will find the reasons why the IRS intends to terminate the installment agreement. Some reasons are…
- You did not file your tax return.
- You have a new balance that was assessed .
- You have missed a payment.
While the CP 523 notice is not something that people look forward to, there is nothing you can do to stop the IRS from sending it to you. This is actually an official termination of your installment agreement.
Some of the documents that the IRS may send to you along with the CP 523 notice are:
- Notice 1219B, Notice Of Potential Third Party Contact
- Notice 1219B(SP), Aviso De Posible Comunicacion Con Tercera(s)Persona(s)
- Notice 609, Privacy Act Notice
- Notice 746, Information About Your Notice, Penalty And Interest
- Publication 594, What You Should Know About The IRS Collection Process
Remember, the IRS must receive your payments by their due dates. All taxes that you incur need to also be paid on time. Not a day late or a dollar short. In the past they used to break your agreement and levy your account. Now, they give you about a week to straighten it out. Call us at 713-774-4467 and we will show you how to get and keep a binding installment agreement.
- If you are considering hiring us, call Joe Mastriano, CPA 713-774-4467.
- Think your IRS matter is handled? Think again!
- For your analysis, click here to contact us.