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In June 2023, the IRS began sending millions of CP14 notices to taxpayers countrywide. Those who receive these statements typically have many questions about what they mean and how to handle them. The Polston Tax Resolution & Accounting professionals are here with the answers you need.
An IRS CP14 is a notice stating you have unpaid taxes due and requesting your payment. These apply when the balance due is over $5 and no calculation errors have occurred. The notice details the amount you owe, including penalties and interest, and provides a due date for payment.
CP14 notices are common and often the IRS’ first attempt to collect back taxes.
The IRS sends CP14 notices when it has processed your return and found you have an outstanding tax liability.
For example, imagine you received interest on your savings account. The bank reports those eligible amounts to the revenue agency. You may owe taxes if you accidentally overlooked including that income on your return. CP14 notices can also result from situations like inaccurately claiming a deduction.
A more common occurrence is an IRS processing backlog. You or your tax professional may have filed an amended return that the agency still needs to process. Or, you may have made a payment they still need to apply. Both can generate a CP14 notice.
It’s best to pay attention to the notice, even if you believe you’ve resolved the matter through an amended return or previous payment. A prompt response preserves your appeal rights and prevents further collection activity.
Your CP14 notice lists contact information by mail and phone, usually in the upper right corner. There may be additional information toward the end of the letter, such as website resources you can access.
If you receive a CP14 notice but already paid, you or your tax professional should contact the agency as soon as possible using the instructions provided. Be prepared to supply evidence of payment or an amended return if you’ve made it. Other appeal options may exist, and an experienced tax attorney like those at Polston Tax can help you identify the best solution for your case.
It’s also important to react quickly when the IRS’ finding of tax liability is correct. Failure to pay by the due date can result in additional penalties and interest added to the original amount owed.
The IRS accepts multiple payment options to help you quickly resolve the taxes owed when you can pay by the due date. These include:
In-person payments through multiple methods are available at Taxpayer Assistance Centers.
If you’re unable to pay by the due date, the IRS has solutions that may help. Options include:
When working with the IRS, being proactive is usually the best solution. Having a Polston Tax attorney on your side during the process can help restore your peace of mind. Our experienced lawyers:
Unlike some other law firms, tax law is all we do. That singular focus allows us to offer in-depth legal guidance for tax resolution. We’re always here to support you so you never have to deal with the IRS alone. Our team has earned industry recognition as a leader in taxes and accounting and boasts a track record of success for our customers.
Contact us for a free consultation to learn more about how we can help.
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