CP623 Notice: Steps to Take After Receiving One
Summary:
The CP623 Notice from the IRS is a serious warning indicating the agency’s intention to cancel your installment agreement and seize (levy) your assets. This notice is issued when a taxpayer fails to comply with the terms of their installment payment agreement. Understanding why you received this notice and how to respond effectively can prevent the IRS from taking further action and help you get back on track with your payments.
Receiving a CP623 Notice from the IRS can be alarming. This official notice informs you that the IRS intends to terminate your installment agreement due to missed or incomplete payments. It also warns that the IRS may levy your assets, which could include your bank accounts, wages, or other property, to satisfy your tax debt. If you’ve fallen behind on payments or failed to meet the terms of your agreement, quick action is essential to avoid further complications. In this article, we’ll explore what the CP623 Notice means, why you received it, and how to respond appropriately to protect your assets and get back on track.
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What is a CP623 Notice?
A CP623 Notice is sent by the IRS when you’ve breached the terms of your installment payment agreement. The IRS enters into installment agreements with taxpayers to help them pay off their tax debt in manageable amounts over time. However, if you fail to make a scheduled payment or miss certain obligations of the agreement, the IRS may take steps to terminate the plan.
The CP623 Notice serves as a formal warning of this intention. In the notice, the IRS may also state that it will seize your property (levy) if the situation is not addressed. Receiving this notice means you’ve already missed at least one payment or failed to meet some other condition, such as failing to file a required tax return. Understanding the gravity of this notice is crucial because failure to act can lead to serious financial consequences.
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How does the CP623 Notice affect you?
The CP623 Notice affects you by signaling that your tax installment plan is in jeopardy. The IRS offers installment agreements as a way for taxpayers to pay off their debt over time. However, if you fail to adhere to the agreement, you risk losing that arrangement, which can lead to immediate collection efforts, including wage garnishments, bank levies, and property seizures.
The CP623 Notice specifically states the IRS’s intention to cancel your installment plan, meaning that your debt will no longer be spread out over manageable payments. Instead, the IRS will attempt to collect the full amount owed by any means necessary. This can include freezing your bank account, garnishing your wages, or seizing other assets, which could cause significant financial hardship. To avoid this, it’s essential to respond promptly and work with the IRS to resolve the situation.
Why did I receive a CP623 Notice?
Several factors can lead to receiving a CP623 Notice:
Missed payments
The most common reason for receiving a CP623 Notice is missed payments. If you’ve missed one or more payments under your installment agreement, the IRS may consider the agreement violated. Even if you miss just one payment, the IRS has the right to cancel the agreement and demand immediate payment of the remaining balance.
Failure to file required tax returns
Your installment agreement is contingent on staying current with all tax obligations, including filing tax returns. If you fail to file a required return, the IRS will consider this a breach of the agreement, leading to the issuance of a CP623 Notice.
Providing inaccurate information
In some cases, providing false or incomplete information when setting up the installment agreement can lead to its cancellation. The IRS reviews these agreements regularly, and any discrepancies can prompt a CP623 Notice.
Significant changes in financial status
If your financial situation changes dramatically, such as a sudden increase in income, the IRS may reassess your ability to pay. If they determine you can pay more than initially agreed, they may issue a CP623 Notice to renegotiate the terms of your agreement.
Pro tips
Set up automatic payments for your IRS installment agreement to avoid missing any payments. This simple step can help you stay on track and prevent a CP623 Notice from being issued.
What should you do when you receive a CP623 Notice?
Upon receiving a CP623 Notice, immediate action is critical to avoid asset seizure and further penalties. Here’s what you should do:
- Review the notice carefully: Understand the specific reasons the IRS is canceling your installment agreement.
- Check your payment history: Ensure you didn’t miss any payments by accident. Sometimes, errors happen in processing payments, so verify your bank records.
- Contact the IRS: Call the number on your notice to discuss your options. The IRS is often willing to work with taxpayers who are making an effort to resolve their debt.
- Request a reinstatement of your installment agreement: In many cases, the IRS allows taxpayers to reinstate their agreement if they can catch up on missed payments and provide a good reason for the lapse.
- Explore alternative payment options: If your financial situation has changed, consider proposing a new payment plan or requesting an offer in compromise.
How to avoid cancellation of your installment agreement
Stay on top of payments
The simplest way to avoid receiving a CP623 Notice is to make timely payments. Set up automatic payments or reminders to ensure you never miss a due date.
File all tax returns on time
To maintain your installment agreement, it’s essential to stay compliant with all tax filings. Even if you owe taxes, file your return on time to avoid penalties and the potential cancellation of your agreement.
Communicate changes in your financial situation
If you experience a change in income or expenses, notify the IRS as soon as possible. The agency may adjust your agreement to reflect your new financial reality, preventing the need for termination.
What happens if you ignore a CP623 Notice?
Failing to respond to a CP623 Notice can result in serious financial consequences:
- Asset seizure: The IRS may levy your bank accounts, garnish your wages, or seize other assets to satisfy your tax debt.
- Additional penalties and interest: Your debt will continue to accumulate interest and penalties, making it harder to pay off over time.
- Damaged credit score: IRS collections can negatively impact your credit, making it difficult to obtain loans or credit in the future.
Ignoring this notice can make your financial situation worse, so it’s essential to address the issue promptly to avoid these outcomes.
Pro tips
If your financial situation changes, notify the IRS immediately. Renegotiating your payment terms early can help you avoid complications, including asset seizures and further penalties.
How to reinstate your installment agreement after receiving a CP623 Notice
If you’ve received a CP623 Notice and wish to reinstate your installment agreement, there are several steps you can take to resolve the situation and avoid asset seizure.
1. Contact the IRS immediately
The first step is to contact the IRS as soon as possible. The phone number listed on your CP623 Notice will connect you to the appropriate department handling your case. Explain your situation, including any missed payments or other factors that led to the notice. The IRS is often willing to work with taxpayers who demonstrate a good-faith effort to resolve their debt.
If your missed payment was due to financial hardship or an error, provide documentation to support your claim. This could include bank statements, pay stubs, or other financial records. The IRS may allow you to catch up on missed payments and reinstate the agreement.
2. Make up missed payments
In most cases, the IRS will require you to make up any missed payments before considering reinstating your installment agreement. Once you’ve caught up on your payments, they may be willing to restore the agreement and prevent further collection actions.
If you cannot afford to make up all missed payments at once, ask the IRS if you can make a partial payment or adjust your installment agreement to reflect your current financial situation. The IRS offers several flexible payment options for taxpayers experiencing financial hardship, so don’t hesitate to ask about these alternatives.
3. Submit required documentation
Along with catching up on payments, you may be required to submit additional documentation to verify your current financial status. The IRS uses this information to determine whether your existing payment plan is still feasible or if a new plan needs to be negotiated.
Be prepared to provide documents such as:
– Recent pay stubs or proof of income
– Bank statements
– A list of monthly expenses, including housing, utilities, and other essentials
– Recent pay stubs or proof of income
– Bank statements
– A list of monthly expenses, including housing, utilities, and other essentials
These documents will help the IRS assess your financial situation and potentially adjust your payment plan to something more manageable.
4. Request a Collection Due Process (CDP) hearing
If the IRS refuses to reinstate your agreement or you disagree with their decision, you can request a Collection Due Process (CDP) hearing. This hearing allows you to present your case before an independent office that reviews IRS collection actions. To request a CDP hearing, complete and submit IRS Form 12153 within 30 days of receiving the CP623 Notice.
During the hearing, you can present evidence showing why your installment agreement should be reinstated. If the IRS made an error or failed to consider your financial situation, the hearing officer may overturn their decision and reinstate your agreement.
5. Consider a new payment plan
If reinstating your original agreement is not possible, you may need to negotiate a new payment plan with the IRS. There are several types of installment agreements, depending on the amount you owe and your financial situation:
– Streamlined Installment Agreement: Available if you owe less than $50,000 and can pay off your debt within 72 months.
– Partial Payment Installment Agreement (PPIA): Allows you to make reduced monthly payments if you cannot pay the full balance.
– Offer in Compromise (OIC): In some cases, the IRS may accept a lump sum payment for less than the total amount owed. This option is typically reserved for taxpayers in severe financial hardship.
– Partial Payment Installment Agreement (PPIA): Allows you to make reduced monthly payments if you cannot pay the full balance.
– Offer in Compromise (OIC): In some cases, the IRS may accept a lump sum payment for less than the total amount owed. This option is typically reserved for taxpayers in severe financial hardship.
Pro tips
Consider consulting with a tax professional or attorney when dealing with IRS notices. Their expertise can help you navigate complex tax issues and potentially avoid serious consequences.
How to protect your assets from IRS seizure
If you’re unable to reinstate your installment agreement, it’s important to take proactive steps to protect your assets from IRS seizure. The IRS has the legal authority to levy (seize) your property, including wages, bank accounts, and even physical assets, to satisfy your tax debt. However, there are measures you can take to prevent this.
1. Apply for a levy release
If the IRS has already levied your assets, you can request a levy release by proving that the levy is causing immediate financial hardship. Financial hardship means that the levy prevents you from meeting basic living expenses such as housing, utilities, and food. If the IRS agrees that the levy is creating an undue burden, they may temporarily release it while you work out a payment plan.
To apply for a levy release, contact the IRS directly and explain your financial situation. You will likely need to provide supporting documentation, such as pay stubs or bills, to prove that the levy is causing hardship.
2. Request Currently Not Collectible (CNC) status
If you’re in a situation where you cannot make any payments due to financial hardship, you can request Currently Not Collectible (CNC) status. When the IRS grants CNC status, they temporarily halt all collection efforts, including asset seizures and wage garnishments.
However, the debt does not disappear. Interest and penalties will continue to accrue, and the IRS will reassess your financial situation periodically. Once your financial situation improves, the IRS may resume collection efforts, but CNC status can provide temporary relief and give you time to regain financial stability.
3. File for bankruptcy
In extreme cases, filing for bankruptcy can discharge some or all of your tax debt. Not all tax debts are dischargeable in bankruptcy, but certain older debts may be wiped out. Bankruptcy is a last resort and comes with long-term financial consequences, so consult with a bankruptcy attorney to determine whether this is the best option for you.
How to negotiate with the IRS
The IRS is often willing to negotiate with taxpayers who make an effort to resolve their debt. Here are some strategies for negotiating effectively with the IRS:
1. Be honest and transparent
When negotiating with the IRS, honesty is the best policy. Be upfront about your financial situation and provide accurate documentation. The IRS is more likely to work with taxpayers who are transparent and cooperative.
2. Propose a reasonable payment plan
If you can’t afford to pay your full tax debt, propose a realistic payment plan that you can stick to. The IRS is more likely to accept a plan that reflects your current financial situation and allows you to make steady progress toward paying off your debt.
3. Use professional help
If you’re unsure how to approach negotiations with the IRS, consider hiring a tax professional, such as a certified public accountant (CPA) or tax attorney. These professionals can help you understand your options and negotiate the best possible terms with the IRS.
What if I can’t afford to pay the full amount?
If you’re unable to pay the full amount of your tax debt, you have several options:
1. Partial Payment Installment Agreement (PPIA)
A Partial Payment Installment Agreement allows you to make reduced monthly payments based on your ability to pay. The IRS will reassess your financial situation every two years to determine if you can pay more. While this option allows you to pay less each month, it also means that interest and penalties will continue to accrue on the remaining balance.
2. Offer in Compromise (OIC)
An Offer in Compromise is a settlement option where the IRS agrees to accept less than the full amount owed. This option is available to taxpayers who can demonstrate that paying the full amount would create financial hardship. The IRS reviews each OIC application carefully, so it’s important to provide detailed financial information to support your request.
3. Currently Not Collectible (CNC) status
If your financial situation is so dire that you cannot make any payments, the IRS may place your account in Currently Not Collectible status. This temporarily halts collection efforts, but interest and penalties will continue to accrue.
Potential penalties or consequences if you don’t respond to the CP623 Notice
Ignoring a CP623 Notice can lead to serious consequences, including:
1. Wage garnishment
The IRS can garnish your wages to collect unpaid taxes. This means they can take a portion of your paycheck directly from your employer. Wage garnishment can leave you with significantly less income to cover your living expenses.
2. Bank levies
The IRS can freeze your bank accounts and seize the funds to pay your tax debt. This can create immediate financial strain, especially if the levy affects your ability to pay bills or cover basic necessities.
3. Asset seizure
In extreme cases, the IRS may seize physical assets such as your car, home, or other property to satisfy your debt. While this is a last resort, it can happen if you fail to respond to IRS notices and make no effort to resolve your tax obligations.
4. Legal actions
If you continue to ignore IRS notices, the agency may take legal action against you. This could result in court-ordered judgments, liens on your property, or additional penalties.
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Frequently asked questions
What is a CP623 notice?
A CP623 Notice is sent by the IRS to inform you of their intention to cancel your installment agreement and levy your assets due to missed payments or other violations of the agreement terms. It is a serious warning that requires immediate action to avoid asset seizure or additional penalties.
How can I reinstate my IRS installment agreement?
To reinstate your IRS installment agreement after receiving a CP623 Notice, contact the IRS immediately. You may need to catch up on missed payments, provide updated financial information, or renegotiate your payment plan. In some cases, requesting a Collection Due Process (CDP) hearing can help resolve disputes with the IRS.
What happens if I ignore the CP623 notice?
Ignoring a CP623 Notice can lead to serious consequences, including asset seizure, wage garnishment, or bank levies. Additionally, your tax debt will continue to accrue interest and penalties, and the IRS may take further legal actions, including placing liens on your property or pursuing court-ordered judgments.
Can I negotiate a new payment plan with the IRS?
Yes, if your financial situation has changed or you are unable to meet the terms of your current installment agreement, you can negotiate a new payment plan with the IRS. Options include a streamlined installment agreement, a partial payment plan, or even an offer in compromise if you qualify.
What should I do if the IRS has already levied my assets?
If the IRS has already levied your assets, you should contact them immediately to request a levy release. If you can prove that the levy is causing financial hardship, the IRS may release the levy while you work out a new payment plan. You can also explore other options like requesting Currently Not Collectible (CNC) status or filing for bankruptcy if necessary.
Need help understanding other IRS letters and notices? Visit our comprehensive guide to IRS Letters and Notices or search for the document you received in the table below.
| CP01 | The IRS verified your claim of identity theft and will monitor your account. |
| CP01H | The IRS received a tax return with a social security number that belongs to a dead person. |
| CP02H | Money is due on an amended return based on a grant received due to Hurricane Katrina, Rita, or Wilma. |
| CP03C | You received the First-Time Homebuyer Credit for a house you purchased. |
| CP04 | You may be eligible for tax deferment because either you or a spouse served in a combat zone, a qualified contingency operation, or a hazardous duty station during the tax year specified on your notice. |
| CP08 | You may be entitled to additional money due to the Additional Child Tax Credit. |
| CP10 | Your tax return changed due to a miscalculation, and the refund you wanted to apply to an estimated tax payment has changed. |
| CP10A | Your tax return changed due to a miscalculation of the Earned Income Credit, and the refund you wanted to apply to an estimated tax payment has changed. |
| CP11 | You owe money because the IRS amended your return due to a miscalculation. |
| CP11A | Your tax return changed due to a miscalculation of the Earned Income Credit, and the refund you wanted to apply to an estimated tax payment also changed. |
| CP11M | Your tax return changed due to a miscalculation of the Making Work Pay and Government Retiree Credit, and the refund you wanted to apply to an estimated tax payment has changed. |
| CP12 | You are due a bigger refund because the IRS corrected one or more mistakes on your tax return. |
| CP12A | The IRS made changes to correct the Earned Income Credit (EIC) claimed on your tax return. |
| CP12E or CP12F | The IRS corrected a miscalculation on your return. |
| CP12M | The IRS made changes to the computation of the Making Work Pay and/or Government Retiree Credits on your return. |
| CP12R | The IRS made changes to the computation of the Rebate Recovery Credit on your return. |
| CP13 | The IRS made changes to your return due to a miscalculation. There is no refund or amount due. Your balance is zero. |
| CP13A | The IRS made changes to your return due to a miscalculation of the Earned Income Credit. There is no refund or amount due. Your balance is zero. |
| CP13M | The IRS made changes to your return due to a miscalculation of the Making Work Pay credit or the Government Retiree Credit. There is no refund or amount due. Your balance is zero. |
| CP13R | The IRS made changes to your return due to a miscalculation of the Recovery Rebate Credit. There is no refund or amount due. Your balance is zero. |
| CP14 | You owe money on unpaid taxes. |
| CP16 | The IRS made changes to your return due to a miscalculation. The refund you were due was applied to other tax debts. |
| CP21A | You owe money due to the changes you requested that the IRS make on your tax returns. |
| CP21B | You are due a refund due to the changes you requested that the IRS make on your tax returns. The money should arrive within 2 to 3 weeks. |
| CP21C | The IRS made the requested changes to your tax return. You will not receive a refund, and there is no tax due. Your balance is zero. |
| CP21E | As a result of your recent audit, the IRS made changes to your tax return, and you owe money as a result of those changes. |
| CP21I | The IRS made changes to your tax return relating to the Individual Retirement Arrangement (IRA) taxes. You owe money due to the changes. |
| CP22A | The IRS made the changes you requested, and you owe money as a result. |
| CP22E | As a result of your recent audit, the IRS changed your tax return, and you now owe money. |
| CP22I | The IRS made changes to your tax return relating to the Individual Retirement Arrangement (IRA) taxes. You owe money due to the changes. |
| CP23 | The IRS changed your return because there was a difference between the amount of estimated tax payments listed on your tax return and the amount actually posted to your account. You owe taxes due to these changes. |
| CP24 | The IRS changed your return because there was a difference between the amount of estimated tax payments listed on your tax return and the amount actually posted to your account. This resulted in an overpayment of estimated taxes. |
| CP24E | The IRS changed your return because there was a difference between the amount of estimated tax payments listed on your tax return and the amount actually posted to your account. This resulted in an overpayment of estimated taxes. |
| CP25 | The IRS changed your return because there was a difference between the amount of estimated tax payments listed on your tax return and the amount actually posted to your account. You are not due a refund, nor do you owe any money. Your balance is zero. |
| CP31 | You need to update your address because your refund check was returned to the IRS. |
| CP45 | The IRS was unable to apply your overpayment to your estimated tax as you requested. |
| CP49 | The IRS used all or part of your refund to pay a tax debt. |
| CP53 | Your refund check will be sent by mail because the IRS can’t provide your refund through direct deposit. |
| CP57 | The bank declined your payment, so the IRS was unable to draft funds from your bank account. |
| CP71 | A reminder of the amount you owe in tax, penalty, and interest. |
| CP71A | A reminder of the amount you owe in tax, penalty, and interest. |
| CP71C | A reminder of the amount you owe in tax, penalty, and interest. |
| CP71D | A reminder of the amount you owe in tax, penalty, and interest. |
| CP88 | The IRS is holding your refund because you haven't filed one or more tax returns, and it believes you will owe tax. |
| CP90 | The IRS is notifying you of its intent to levy certain assets for unpaid taxes. You have the right to dispute the levy in a Collection Due Process hearing. |
| CP91 | The IRS will levy up to 15% of your social security benefits for unpaid taxes. |
| CP120 | The IRS needs documentation of your tax-exempt status. |
| CP120A | Your organization’s tax-exempt status has been revoked because it failed to file a Form 990 series return for three consecutive years. |
| CP130 | You may no longer need to pay the Alternative Minimum Tax (AMT) because your tax return filing requirements changed. |
| CP152 | The IRS received your return. |
| CP153 | The IRS will send your refund by mail because your direct deposit did not go through. |
| CP161 | You have an unpaid balance due to the IRS. |
| CP166 | Your monthly payment to the IRS did not go through due to insufficient funds in your bank account. |
| CP178 | You may no longer owe excise tax because your tax return filing requirements changed. |
| CP231 | You need to update your address because your refund was returned to the IRS. |
| CP259 | You did not file the business tax return identified in the notice. |
| CP259A | You should have filed these forms but did not – Form 990/990-EZ, Return of Organization Exempt From Income Tax, or Form 990-N (e-Postcard). |
| CP259B | The IRS requires you to file these forms but did not – Form 990-PF, Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation. |
| CP259C | The IRS believes that you are a private foundation, but did not file the required Form 990-PF, Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation. |
| CP259D | You must file this form, but you did not – Form 990-T, Exempt Organization Business Income Tax Return. |
| CP259E | You should have filed this form, but you did not – Form 990-N (e-Postcard) or Form 990/990-EZ, Return of Organization Exempt From Income Tax. |
| CP259F | The IRS requires you to file this form but did not – Form 5227, Split-Interest Trust Information Return. |
| CP259G | The IRS requires you to file this form, but you didn’t – Form 1120-POL, U.S. Income Tax Return for Certain Political Organizations. |
| CP259H | As a tax-exempt political organization, you must file this form, but you did not – Form 990/990-EZ, Return of Organization Exempt From Income Tax. |
| CP276A | You submitted your tax liability schedule incorrectly. The IRS typically charges a Federal Tax Deposit (FTD) penalty for this but did not this time. |
| CP276B | The IRS did not receive the correct amount of tax deposits. It normally charges a Federal Tax Deposit (FTD) penalty but did not this time. |
| CP297 | The IRS is notifying you of its intent to levy certain assets for unpaid taxes. You have the right to dispute the levy at a Collection Due Process hearing. |
| CP297A | The IRS has levied your assets for unpaid taxes. You have the right to dispute the levy at a Collection Due Process hearing. |
| CP298 | The IRS notifying you of its intent to levy up to 15% of your social security benefits for unpaid taxes. |
| CP501 | You have a balance due on one of your tax accounts. |
| CP503 | You have an unpaid balance on one of your accounts, and the IRS has not heard from you. |
| CP504 | You have an unpaid amount due on your account. If you do not pay immediately, the IRS will levy your state income tax refund to apply it to the amount you owe. |
| CP504B | You have an unpaid amount due on your account. If you do not pay immediately, the IRS will levy certain property or rights to property to apply it to the amount you owe. |
| CP521 | A reminder that you have an installment agreement payment due. |
| CP523 | You have defaulted on your payment agreement. Therefore the IRS is terminating the agreement and will levy your assets. |
| CP601 | Usted tiene un saldo pendiente de pago (dinero que le debe al IRS) en una de sus cuentas contributivas. |
| CP603 | No hemos recibido respuesta de parte de usted y todavía tiene un saldo sin pagar en una de sus cuentas contributivas. |
| CP604 | Usted tiene un saldo sin pagar en su cuenta. De no pagar esta cantidad inmediatemente, el IRS embargará cualquier reembolso de impuestos estatales al que tenga derecho y aplicarlo al pago de su deuda. |
| CP604B | Usted tiene un saldo sin pagar en su cuenta. De no pagar esta cantidad inmediatemente, el IRS embargará ciertas propiedades o derechos de propiedad y lo aplicará al pago de su deuda. |
| CP621 | Este aviso es para notificarle que usted tiene un plan de pagos a plazos vencido. Por favor, envíe el pago inmediatamente. |
| CP623 | Este aviso es para informarle nuestra intención de cancelar su plan de pagos a plazos y confiscar (embargar) sus bienes. Usted incumplió en su acuerdo. |
| CP711 | Nosotros realizamos cambios a su planilla debido a que entendemos que hubo un cálculo erróneo. Como resultado de estos cambios, usted adeuda dinero por sus contribuciones. |
| CP721 | Hicimos el(los) cambio(s) que usted solicitó a su declaración de impuestos para el año tributario que aparece en su aviso. Como resultado de éste(estos) cambio(s) usted debe dinero en sus impuestos. |
| CP722 | Hicimos el(los) cambio(s) que usted solicitó a su declaración de impuestos para el año tributario que aparece en su aviso. Como resultado de éste(estos) cambio(s) usted debe dinero en sus impuestos. |
| CP771 | Usted recibió este aviso para recordarle sobre la cantidad que adeuda en contribuciones, multas e intereses. |
| CP772 | Usted recibió este aviso para recordarle sobre la cantidad que adeuda en contribuciones, multas e intereses. |
| CP773 | Usted recibió este aviso para recordarle sobre la cantidad que adeuda en contribuciones, multas e intereses. |
| CP774 | Usted recibió este aviso para recordarle sobre la cantidad que adeuda en contribuciones, multas e intereses. |
| CP959 | Usted no radicó su planilla de contribución de negocios identificada en este aviso. |
| CP2000 | The income or payment information on file doesn’t match your tax return. The discrepancy may result in an increase or decrease in your tax due. |
| CP3219A | The IRS has received information that is different from what you reported on your tax return. This may result in an increase or decrease in your tax. |
| CP3219N | The IRS didn’t receive your tax return, so it calculated your return based on the information received from employers, financial institutions, and others. If you want to challenge the proposed tax, you have 90 days from the date of this notice. If you are outside the country, you have 150 days. |
| Letter 0012C | The IRS needs additional information to process your tax return. |
| Letter 0484C | The IRS wants a completed |
| Letter 0525 | Updates you on proposed changes after an IRS examination. Any changes are explained and details the refund due or taxes owed. |
| Letter 531 | IRS Notice of Deficiency. The information the IRS received about you was different from what you reported on your return. |
| Letter 0668D(LP 68) | The IRS released their levy. |
| Letter 0549C | Your tax bill was paid. |
| Letter 0681C | The IRS accepted your payment proposal. However, this is not a formal Installment Agreement. |
| Letter 0757C | You did not adhere to the terms of your Installment Agreement. |
| Letter LT 11 | The IRS plans to seize your property or rights to property. |
| Letter 1058 | The IRS has not received your payment. It plans to seize your property or rights to property. |
| Letter 1615 (LT 18) | You must respond to the IRS within 10 days of this notice regarding past due tax returns. |
| Letter 1737 (LT 27) | Complete and sign Form 433F, Collection Information Statement. |
| Letter 1961C | Your application for a Direct Debit Installment Agreement was declined. It explains why and what you need to do to qualify. |
| Letter 1962C | Your application for a |
| Letter 2050 (LT 16) | The IRS is trying to collect unpaid taxes from you from returns that have been filed or from returns that have not been filed. |
| Letter 2257C | The IRS is providing the payoff amount that you requested. |
| Letter 226-J | An IRS letter to large employers notifying them that they may be liable for an Employer Shared Responsibility Payment (ESRP). |
| Letter 2271C | A request for an Installment Agreement has been approved. It explains the fees and how to qualify for a Low Income Fee Reduction. The letter may also request missing information. |
| Letter 2272C | An IRS letter explaining why your request to pay the balance due in installments was declined. |
| Letter 2273C | A confirmation letter of your request to pay the balance due in installments. It contained the amount to pay, fees charged, and where to send payment. Instructions on how to apply for the Low Income Fee Reduction included. |
| Letter 2318C | A response to a request to pay taxes due to payroll deductions. It also explains the fees that are charged. |
| Letter 2357C | The IRS is admitting that it did not send you the balance due notices that it should have. |
| Letter 2603C | The IRS accepted your installment agreement. The IRS will file a Notice of Federal Tax Lien on your personal property. |
| Letter 2604C | The IRS has accepted your request for installment payments. This IRS letter provides the monthly payment, the address where to send it, and the fees charged. The letter also provides instructions on how to apply for the Low Income Fee Reduction. |
| Letter 2761C | The IRS is requesting your combat zone service dates to ensure that it provides you with the special provisions and protection of the combat zone deferment. Copies of military orders or other documentation to support your time served may be requested. Civilians working in support of the Armed Forces may be required to provide a Letter of Authorization or a letter from their employer. |
| Letter 2789C | An annual reminder notice, as required by law, of the balance due to the IRS. It explains that penalties and interest continue to accrue until the balance is fully paid. |
| Letter 2840C | Confirms your Installment Agreement request and includes the payment amount and due date. This IRS letter explains the fees charged for paying monthly and explains how to apply for the Low Income Fee Reduction (if you qualify). |
| Letter 3030C | Provides an explanation of the tax, penalty, and interest still due on your account. |
| Letter 3127C | A confirmation of your request to make a change to your Installment Agreement. This IRS letter explains the fees for the change. Changes can be to the payment amount or due date, or it can include additional liabilities. |
| Letter 3174 | A reminder of taxes due after the IRS has sent a Notice of Intent to Levy. |
| Letter 3217C | The IRS has accepted your request to pay the balance in installments. This IRS letter provides your payment amount, the due date, and fees charged. The letter also provides instructions on applying for the Low Income Fee Reduction (if you qualify). |
| Letter 3228 (LT 39) | A request to pay the balance due within 10 days using the envelope provided. |
| Letter 3500 | The IRS has received your documents, and it needs additional time to review them. |
| Letter 3572 | Your Federal Income Tax Return has been selected for examination. The IRS auditor requests that you call to schedule an audit appointment. |
| Letter 4883C | The IRS received your federal income tax return but needs more information to verify your identity in order to process your tax return accurately. |
| Letter 4903 (LT 26) | You must file your tax returns immediately. The IRS has previously contacted you, but it did not receive a response. |
| Letter LP 47 | The IRS is trying to locate the person identified in the letter and is requesting that you provide their new address. |
| Letter LP 59 | The IRS has not received a response to the notice of levy it previously sent. |
| Audit Letter 2205 | The IRS manages audits either by mail or through an in-person interview to review your records. The interview may be at an IRS office (office audit) or the taxpayer’s home, place of business, or accountant’s office (field audit). |
| Letter 915 | You recently underwent an audit, and the IRS informs you that you now owe taxes. |
Key takeaways
- The CP623 Notice warns of IRS action to cancel your installment plan and seize your assets.
- Missed payments or failure to file required tax returns often trigger this notice.
- Responding promptly to the IRS can help you reinstate your payment plan or negotiate new terms.
- Ignoring the notice can result in wage garnishments, asset seizures, and additional penalties.
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