CP714 Notice: What Is It and How Should You Respond?

Last updated 10/30/2024 by

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Summary:

The CP714 Notice is issued by the IRS when there are unresolved tax liabilities for previous years that remain unpaid. This notice signals that the IRS is about to take enforcement actions to collect overdue taxes, such as levying bank accounts or garnishing wages. In this article, we’ll cover what the CP714 Notice means, the potential consequences of not addressing it, and steps you can take to resolve the issue and avoid harsher IRS actions.

Receiving an IRS CP714 Notice can be alarming. This notice is a final warning that you have unpaid tax liabilities and that the IRS is preparing to take enforcement actions such as wage garnishment, bank levies, or property liens. Understanding what this notice means and how to respond is crucial for resolving the issue and avoiding harsher penalties. In this article, we’ll explore what the CP714 Notice entails, the potential consequences of ignoring it, and the steps you can take to address it effectively.

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What is IRS CP714 notice?

The IRS CP714 Notice is a serious letter indicating that you owe back taxes that have not been paid. This notice often comes after several other IRS collection notices have been ignored or unresolved. Receiving the CP714 Notice means that your tax debt has reached a critical stage where the IRS is preparing to take more aggressive collection actions, such as placing liens on your property or seizing assets through levies.

The IRS sends this notice when all previous attempts to collect the outstanding tax debt have failed, including warnings through other notices such as the CP501 or CP503. It’s important to note that the IRS does not forget about unpaid taxes, and ignoring the CP714 can lead to severe financial consequences. Understanding the notice, and how to address it, is key to resolving the issue before it escalates further.

Why did I receive a CP714 notice?

The CP714 Notice is sent because you have unpaid tax liabilities from prior years, and the IRS has been unable to resolve the balance through previous correspondence. Typically, the IRS issues this notice after sending several other warnings that have been ignored or unresolved. By the time you receive a CP714 Notice, the IRS is likely preparing to take enforced collection actions like garnishing wages, levying bank accounts, or seizing property to satisfy the outstanding debt.

Common reasons you may receive this notice include:

Unpaid tax balances from previous years.
Failure to set up a payment plan or resolve your tax debt through other IRS notices.
Ignored earlier notices such as CP501, CP503, or CP504.
Inability to contact you through the information you provided on your last tax return.

How the CP714 notice affects you

The CP714 Notice is a clear indication that your tax situation is at a critical stage. If you do not respond to the notice, the IRS will likely initiate enforced collection actions to recover the unpaid taxes. These actions may include:

Levies on your bank accounts or other financial assets.
Garnishment of your wages or other sources of income.
Filing a lien against your property, which could affect your ability to sell assets or obtain loans.
Seizing your property or other valuable assets to cover the debt.

Ignoring the CP714 Notice can lead to significant financial hardship. The IRS has broad authority to collect unpaid taxes, and once enforced collection begins, it can be very difficult to reverse. Responding promptly and taking the necessary steps to address the notice is essential to avoid further complications.

Steps to take when you receive the CP714 notice

If you’ve received a CP714 Notice, it’s crucial to act quickly. Here are the steps you should take to resolve the situation:

Review the notice carefully: Understand how much you owe, the tax years involved, and the deadline for responding.
Check your tax records: Verify whether the tax debt is accurate. If there are discrepancies, gather supporting documents to challenge the amount owed.
Contact the IRS: Call the IRS immediately to discuss payment options or dispute the amount owed. They may offer payment plans or other resolution options to help you settle your debt without facing enforced collection actions.
Set up a payment plan: If you cannot pay the full amount owed, ask about an installment agreement or an offer in compromise. This can help you pay off the debt over time while avoiding further penalties.
Seek professional assistance: If the situation is complex or you cannot resolve it on your own, consider hiring a tax professional, such as a CPA or tax attorney, to negotiate with the IRS on your behalf.

Consequences of ignoring the CP714 notice

Failing to respond to a CP714 Notice can have serious financial consequences. The IRS has the authority to collect the unpaid taxes by:

Wage garnishment: The IRS can garnish a portion of your wages or other income sources to satisfy the tax debt.
Bank levies: The IRS can levy your bank accounts, meaning they can take funds directly from your account to pay off the balance.
Tax liens: The IRS can file a tax lien against your property, which can affect your credit score and your ability to sell the property.
Seizure of assets: In extreme cases, the IRS can seize your assets, such as cars, homes, or other valuables, to satisfy the debt.

Ignoring the notice will not make the debt go away. The IRS will continue to pursue collection actions until the debt is paid in full or a resolution is reached.

How to avoid enforcement actions

To avoid enforcement actions, it’s important to act quickly and follow these steps:

Respond immediately: Don’t wait to take action. Contact the IRS as soon as possible to discuss payment options or dispute the notice if you believe it’s incorrect.
Set up a payment plan: If you cannot pay the full amount owed, ask the IRS about setting up a payment plan, also known as an installment agreement. This can allow you to pay off the debt in smaller, more manageable amounts over time.
Consider an offer in compromise: If you are facing significant financial hardship and cannot pay the full amount, the IRS may accept a lower amount through an offer in compromise. This is a negotiation process where you offer to settle the debt for less than what is owed.
Seek professional help: A tax professional can help you negotiate with the IRS, navigate complex tax laws, and ensure that you’re taking the right steps to resolve your debt.

What happens after you respond to the CP714 notice?

Once you respond to the CP714 Notice, the IRS will review your case. Depending on the situation, several outcomes are possible:

If you pay the full amount: The IRS will close the case, and no further action will be taken.
If you set up a payment plan: The IRS will allow you to pay off the debt over time through monthly installments.
If you dispute the debt: The IRS will review your evidence and either adjust the amount owed or uphold the original balance.
If you qualify for an offer in compromise: The IRS may accept a lower payment amount to settle the debt, depending on your financial situation.

By responding promptly and working with the IRS, you can resolve the tax debt and avoid further enforcement actions.

Pro tip

Use certified mail with a return receipt when sending documents or payments to the IRS. This provides proof that your documents were received and can help in case of any disputes later on.

Further support options for addressing the CP714 notice

If you’re unsure how to resolve your tax debt, several support options are available:

Consult a tax professional: A Certified Public Accountant (CPA) or tax attorney can provide expert guidance, especially if the debt involves multiple tax years or complex issues.
Taxpayer Advocate Service: If you’re experiencing significant difficulties in resolving your tax issues, the IRS offers a Taxpayer Advocate Service that provides free help to individuals dealing with unresolved tax problems.
IRS website: Visit the IRS’s official website for FAQs, forms, and additional resources related to resolving your CP714 Notice.

Pro tip

Consider enrolling in the IRS’s Identity Protection PIN (IPPPIN) program if you’ve experienced identity theft. This program adds an extra layer of security to your future tax filings and can prevent fraudulent use of your Social Security Number.

What happens if you don’t respond to the CP714 notice?

Ignoring a CP714 Notice can lead to serious consequences. The IRS has significant powers to collect unpaid taxes, and failure to respond can result in:

Wage garnishment: The IRS may garnish your wages, meaning a portion of your paycheck will be taken to cover your unpaid taxes.
Bank levies: The IRS can levy your bank accounts, seizing funds directly from your account to cover the outstanding balance.
Tax liens: The IRS may place a tax lien on your property, which can affect your credit score and your ability to sell or refinance the property.
Seizure of assets: In extreme cases, the IRS may seize personal property, such as cars, homes, or other valuable assets, to satisfy the debt.

Additionally, interest and penalties will continue to accrue on your unpaid balance, increasing the amount you owe over time. The IRS can also escalate its enforcement actions, which can make it harder to resolve the issue without significant financial strain.

How to respond effectively to the CP714 notice

If you’ve received a CP714 Notice, responding quickly and correctly is the best way to avoid enforcement actions. Here’s how to ensure you address the notice effectively:

Review the notice carefully: Make sure you understand the amount owed, the tax years involved, and the deadline for responding.
Check your records: Verify that the IRS’s records are accurate. If you believe there is an error, gather supporting documents to dispute the notice.
Contact the IRS: Call the IRS immediately to discuss payment options, set up a payment plan, or clarify any questions you have about the notice.
Consider professional help: A tax professional, such as a CPA or tax attorney, can help you negotiate with the IRS and ensure that you take the right steps to resolve your debt efficiently.

Pro tip

Always keep a copy of your IRS correspondence and documents. If you are mailing payments or forms, use certified mail with a return receipt to track and prove delivery.

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Frequently asked questions

What should I do if I can’t afford to pay the amount listed in the CP714 notice?

If you cannot pay the full amount listed in your CP714 Notice, it’s important to contact the IRS as soon as possible. The IRS may offer payment options such as an installment agreement, which allows you to pay off the debt in smaller amounts over time. You can also inquire about an offer in compromise if you’re experiencing severe financial hardship, which could reduce the total amount owed.

Can I appeal the CP714 notice if I believe the IRS made a mistake?

Yes, if you believe that the amount stated in your CP714 Notice is incorrect, you can appeal. You will need to contact the IRS and provide documentation supporting your claim that the tax amount is incorrect. During this process, it’s a good idea to seek the advice of a tax professional, such as a CPA or tax attorney, to help ensure that your appeal is handled properly.

How long do I have to respond to the CP714 notice?

The CP714 Notice will specify a deadline by which you must respond. Typically, you have 30 days from the date on the notice to contact the IRS and make arrangements for payment or dispute. Ignoring this deadline can result in enforced collection actions, so it’s crucial to act quickly.

What happens if the IRS places a lien on my property?

If the IRS places a lien on your property, it means that the government has a legal claim against your property due to unpaid taxes. A lien can affect your credit score and make it difficult to sell or refinance your property. The lien will remain in place until you fully pay the tax debt or make arrangements to resolve the debt, such as setting up a payment plan with the IRS.

Can the IRS seize my tax refunds to pay off the CP714 debt?

Yes, if you owe back taxes, the IRS has the authority to seize your federal and, in some cases, state tax refunds to apply them toward your outstanding debt. This process is known as a tax refund offset. It’s important to resolve the issue or set up a payment plan to avoid having future refunds seized.

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.

IRS Letter or Notice Number

Notice Description

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 CP714 Notice is a final warning from the IRS regarding unpaid taxes and signals the possibility of enforced collection actions.
Ignoring this notice can result in serious financial consequences, including wage garnishment, bank levies, or asset seizure.
Acting promptly by contacting the IRS, setting up a payment plan, or resolving any disputes is crucial to avoiding further penalties.
Seek professional assistance if you are unsure about how to proceed or if your tax situation is complex.

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