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CP11

Tags: balance money
CP 11

This is sent to a taxpayer informing them that a change was made to there tax return and that change resulted in a balance that is now due and owing to the IRS.

What to do if you Recieve a CP-11 Notice?

You should always pay the money that is due to the IRS, however for a lot of people this is not an option.

Should I Respond to the Notice?

Yes, you should always communicate with the IRS. Without communicating with them they might start collection activity. This means they will garnish your wages and take money from your bank account.

What do I do if I can't Pay the Balance in Full?

As previously stated, it is important to stay in communication with the IRS. The IRS has several options when it comes to paying back taxes you owe. These include but are not limited to an Offer in Compromise, Installment Agreement, Currently Non Collectible Status. If you have any questions how these work talk to an experienced professional at Wolf Tax. You can either go to the website http://www.wtaxhelp.com or email [email protected]


This post first appeared on Wolf Tax Help, please read the originial post: here

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