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Kim Goldman
Los Angeles, California
Owed to IRS: $69,282
Only Paid : $17,905
Thankfully I came across redo tax. I was struggling with an IRS debt of about $69,000 and my life felt like it was spiraling out of control. I was just starting to pick up the pieces after the chaos of the pandemic and my divorce and I was barely surviving. The team here worked tirelessly to fix my situation and help pause collections from the IRS.
Junior Padilla
Albuquerque, New Mexico
Owed to IRS: $109,613
Only Paid : $1,434
Attorney Jason from ReDo Tax is my guardian angel. I had a few very bad years back in 2017 struggling with family matters and gambling problems. I was back on my feet back with back taxes and fees piling up without the know how or how to do it. The Attorney listened to my entire situation and reviewed each document with me, laid out all my options, and explained the cost to benefit each one and ended up resolving most of my tax debt.
Kevin Morant
Flint, Michigan
Owed to IRS: $19,409
Only Paid : $304
After letting my tax debt sit for several years, I tried to clear it myself. Needless to say, it was harder than I originally thought it would be. When I got on a call with Attorney Jason, I could already tell he was going to know the ropes much better than I did. We resolved the 19k I owed the IRS much quicker than expected with an offer in compromise. I couldn’t be happier with the process.
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CP504 Notice (What It Means & How to Pay)
The IRS CP504 notice is more severe than the CP501 through 503. It is your final warning to pay back the unpaid taxes you owe before the IRS takes further action.
In the following article, we’ll discuss the CP504 notice, why you’re receiving it, and what you can do to resolve it.
What is IRS Form CP504?
The CP504 is a notice of intent to levy, which means the IRS intends to levy your income or even your property to recover their unpaid taxes. It comes after having sent multiple previous warnings to pay your owed taxes.
Understanding Your CP504 Notice
The CP504 tax notice is the last warning in the IRS's series of notices starting with the CP501. As such, it will outline an escalation to the consequences imposed on you if you do not pay your unpaid taxes and how the IRS intends to collect them.
The CP504 will provide important information on the debt you owe, the tax period from which you owe it, and when you must pay it back to avoid further penalties and collection action.
As your final warning, reading the notice carefully and reviewing it for accuracy is especially important. If you believe the IRS has made an error, you can dispute the notice by contacting the IRS.
Why You're Receiving a CP504
You’re receiving the IRS CP504 because you have overdue unpaid taxes.
The CP504 notice differs from others in the line as it comes after previous reminders and warnings from the IRS about the taxes you owe. It is the IRS's last warning before taking collection action to retrieve the unpaid amount.
What You Should Do Now
If you receive a CP504 notice, the first thing you should do is to read it over carefully to see if the IRS assessment matches your records. You can dispute the notice if you believe they’ve made an error.
If you believe it to be accurate, then you’ll need to take action to pay off your remaining tax balance.
A third option is to look into tax debt relief services. A good tax attorney will often be able to lower the amount owed back and help to negotiate on your behalf. This can relieve some of the stress associated with the pressure the IRS is putting on you or your business.
In addition to payment plans, the IRS is willing to make compromises due to financial hardship and constraints if you are cooperative and communicative with them. It is also possible to reduce the amount owed from penalties for being late or unresponsive.
How to Pay the IRS CP504 Notice
You have several ways to pay the notice, but before we explain that, there are a few steps you should do first:
Assess What You Owe
Before making a payment, it's essential to understand how much you owe and check that the IRS assessment matches your records.
Take the time to review your tax account and ensure you understand the amount and any penalties or interest that may have accrued to provide the final amount you now owe. If something isn’t adding up, discussing it with someone who knows the system is important.
Consult with a Licensed Tax Attorney
Next, consult with a licensed tax attorney before sending in your response, especially if you believe the IRS has made a mistake. They can help you to:
Understand the notice and your options
Assess your tax account and identify any errors or discrepancies
Determine the best course of action to resolve the notice
Represent you in dealings with the IRS
Only Respond with Legal Assistance
A licensed tax attorney can help you navigate the process and ensure you take the best action.
Once you’ve assessed the situation and responded to the IRS, you can now pay the amount you owe in one of the following ways:
Online
Direct Pay: You can pay CP504 directly from your bank account. Log in to your online banking account and follow the prompts.
EFTPS: This system is a convenient way to pay online or by phone. You'll need to enroll in the system and follow the prompts to complete the payment.
Over the Phone
If you prefer to pay over the phone, you can use the IRS's automated system or speak with a representative.
Automated System: The IRS's automated system is available 24/7 and allows you to pay using your credit or debit card.
Speak with a Representative: If you prefer to speak with a representative, you can call the IRS's customer service number during business hours.
By Mail
If you prefer to pay by mail, you can send a check or money order to the address listed on the CP504 notice.
Check or Money Order: Make your check or money order payable to "United States Treasury" and include your payment voucher or a note with your name, taxpayer ID number, and the tax period.
When Do I Have to Pay My CP504 Notice?
Your CP504 notice will clearly label the payment due date. If you receive the CP504, your payment will already be past due, but the IRS typically gives you 30 days to fix the issue before more significant penalties occur.
If you cannot pay the amount listed in full, you can arrange a payment plan with the IRS.
Frequently Asked Questions
Can I Pay My CP504 Notice Online?
Yes. You can pay for the CP504 notice online through the IRS’s direct pay system or the Electronic Federal Tax Payment System (EFTPS).
What Happens After a CP504?
If you do not pay the CP504 notice, the IRS will likely take action, including:
Seizing assets (house, car, bank account, etc.)
Garnishing wages
Filing a federal tax lien against your property
They may also add interest and penalties to your taxes owed in addition to their collection methods.
What's the Difference Between CP501 and CP504?
The CP501 notice is the first notice the IRS sends to inform you that you owe taxes. The CP504 notice is a final warning that the IRS intends to take further action if the debt is not paid.
This means it is your last chance to pay without significant consequences.
Why Did I Get a CP504 If I Paid My Taxes?
Sometimes, this happens if there is an error when processing your payment. In this case, you should have received previous notices to let you know.
If you believe the notice is in error, you must contact the IRS to dispute CP504.
The Fastest Way to Resolve Your CP504 Notice
The fastest and most straightforward way to resolve your CP504 notice is to pay it off in full as soon as possible.
If you cannot pay it off in full, you can contact the IRS to arrange a payment plan. Once this is in place, no more penalties will occur, and you can consider it resolved as long as you meet your payments on schedule.
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CP504 Notice (What It Means & How to Pay)
The IRS CP504 notice is more severe than the CP501 through 503. It is your final warning to pay back the unpaid taxes you owe before the IRS takes further action.
In the following article, we’ll discuss the CP504 notice, why you’re receiving it, and what you can do to resolve it.
What is IRS Form CP504?
The CP504 is a notice of intent to levy, which means the IRS intends to levy your income or even your property to recover their unpaid taxes. It comes after having sent multiple previous warnings to pay your owed taxes.
Understanding Your CP504 Notice
The CP504 tax notice is the last warning in the IRS's series of notices starting with the CP501. As such, it will outline an escalation to the consequences imposed on you if you do not pay your unpaid taxes and how the IRS intends to collect them.
The CP504 will provide important information on the debt you owe, the tax period from which you owe it, and when you must pay it back to avoid further penalties and collection action.
As your final warning, reading the notice carefully and reviewing it for accuracy is especially important. If you believe the IRS has made an error, you can dispute the notice by contacting the IRS.
Why You're Receiving a CP504
You’re receiving the IRS CP504 because you have overdue unpaid taxes.
The CP504 notice differs from others in the line as it comes after previous reminders and warnings from the IRS about the taxes you owe. It is the IRS's last warning before taking collection action to retrieve the unpaid amount.
What You Should Do Now
If you receive a CP504 notice, the first thing you should do is to read it over carefully to see if the IRS assessment matches your records. You can dispute the notice if you believe they’ve made an error.
If you believe it to be accurate, then you’ll need to take action to pay off your remaining tax balance.
A third option is to look into tax debt relief services. A good tax attorney will often be able to lower the amount owed back and help to negotiate on your behalf. This can relieve some of the stress associated with the pressure the IRS is putting on you or your business.
In addition to payment plans, the IRS is willing to make compromises due to financial hardship and constraints if you are cooperative and communicative with them. It is also possible to reduce the amount owed from penalties for being late or unresponsive.
How to Pay the IRS CP504 Notice
You have several ways to pay the notice, but before we explain that, there are a few steps you should do first:
Assess What You Owe
Before making a payment, it's essential to understand how much you owe and check that the IRS assessment matches your records.
Take the time to review your tax account and ensure you understand the amount and any penalties or interest that may have accrued to provide the final amount you now owe. If something isn’t adding up, discussing it with someone who knows the system is important.
Consult with a Licensed Tax Attorney
Next, consult with a licensed tax attorney before sending in your response, especially if you believe the IRS has made a mistake. They can help you to:
Understand the notice and your options
Assess your tax account and identify any errors or discrepancies
Determine the best course of action to resolve the notice
Represent you in dealings with the IRS
Only Respond with Legal Assistance
A licensed tax attorney can help you navigate the process and ensure you take the best action.
Once you’ve assessed the situation and responded to the IRS, you can now pay the amount you owe in one of the following ways:
Online
Direct Pay: You can pay CP504 directly from your bank account. Log in to your online banking account and follow the prompts.
EFTPS: This system is a convenient way to pay online or by phone. You'll need to enroll in the system and follow the prompts to complete the payment.
Over the Phone
If you prefer to pay over the phone, you can use the IRS's automated system or speak with a representative.
Automated System: The IRS's automated system is available 24/7 and allows you to pay using your credit or debit card.
Speak with a Representative: If you prefer to speak with a representative, you can call the IRS's customer service number during business hours.
By Mail
If you prefer to pay by mail, you can send a check or money order to the address listed on the CP504 notice.
Check or Money Order: Make your check or money order payable to "United States Treasury" and include your payment voucher or a note with your name, taxpayer ID number, and the tax period.
When Do I Have to Pay My CP504 Notice?
Your CP504 notice will clearly label the payment due date. If you receive the CP504, your payment will already be past due, but the IRS typically gives you 30 days to fix the issue before more significant penalties occur.
If you cannot pay the amount listed in full, you can arrange a payment plan with the IRS.
Frequently Asked Questions
Can I Pay My CP504 Notice Online?
Yes. You can pay for the CP504 notice online through the IRS’s direct pay system or the Electronic Federal Tax Payment System (EFTPS).
What Happens After a CP504?
If you do not pay the CP504 notice, the IRS will likely take action, including:
Seizing assets (house, car, bank account, etc.)
Garnishing wages
Filing a federal tax lien against your property
They may also add interest and penalties to your taxes owed in addition to their collection methods.
What's the Difference Between CP501 and CP504?
The CP501 notice is the first notice the IRS sends to inform you that you owe taxes. The CP504 notice is a final warning that the IRS intends to take further action if the debt is not paid.
This means it is your last chance to pay without significant consequences.
Why Did I Get a CP504 If I Paid My Taxes?
Sometimes, this happens if there is an error when processing your payment. In this case, you should have received previous notices to let you know.
If you believe the notice is in error, you must contact the IRS to dispute CP504.
The Fastest Way to Resolve Your CP504 Notice
The fastest and most straightforward way to resolve your CP504 notice is to pay it off in full as soon as possible.
If you cannot pay it off in full, you can contact the IRS to arrange a payment plan. Once this is in place, no more penalties will occur, and you can consider it resolved as long as you meet your payments on schedule.
FAQS
What is tax debt relief?
Tax Debt Relief is the name given to several IRS programs which can be used to clear your tax debt. This is available to many taxpayers who are often in need of reducing the burden of tax debt.
Is this IRS approved?
Absolutely. The IRS permits taxpayers to utilize tax relief programs. However, it's essential to note that both the IRS and FTC consistently caution struggling taxpayers against engaging with numerous tax relief companies. Many of these companies make false assurances and over promise to their clients, often just to collect upfront fees. This practice can mislead many individuals into believing they qualify for relief when, in reality, not every taxpayer does. The truth is, it takes a genuine expert—a tax attorney—who comprehends the intricacies of the tax code and knows how to effectively negotiate with the IRS to genuinely assist a client's best interests.
Who will work to clear my debt?
All plans and negotiations are reviewed and carried out by a tax attorney.
Are all cases taken on?
In some cases, the best course of action won’t include substantial tax relief. If our attorneys don’t believe your case can be resolved with substantial relief, we will proceed to let you know free of cost.
Do I need to hire someone?
It's possible your case is less complicated and you can directly negotiate with an IRS agent if, for example, your tax debt is very small. Otherwise, an expert may be the best option to negotiate a resolution to your tax debt.
Can the IRS take my assets?
The IRS reserves the right to seize assets to satisfy your tax debts. They can seize real estate, cars, bank accounts or other assets to clear your balance
What is the fresh start program?
Fresh Start was an IRS program which considers your individual situation for tax relief. Through this, an expert can assist in negotiating a personalized relief plan.
Do you charge for consultations?
Nope - All consultations are completely free!
Will my information remain confidential?
Any and all information you provide is strictly confidential and will only be used to carry out services you agree to.
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At Redo Tax Relief, we understand that dealing with tax problems can be overwhelming and stressful. That’s why we offer personalized, confidential legal assistance to resolve your tax disputes and guide you towards financial peace of mind. Whether you're facing audits, back taxes, or any IRS-related concerns, our experts are here to help you achieve the best possible outcome.
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