CP773 Notices: Steps to Resolve IRS Debt
Summary:
The IRS issues the CP773 notice as a reminder to individuals or businesses regarding overdue taxes, penalties, and interest. It serves as an official notice to encourage prompt action on outstanding tax liabilities. Ignoring this notice can lead to further consequences, including additional penalties, interest accruals, or legal action. This article will guide you on how to handle the CP773 notice effectively, including how to settle your debt, avoid future penalties, and seek assistance if needed.
Receiving an IRS notice can be intimidating, especially when it relates to overdue taxes. One such notice is the CP773, which is sent to remind taxpayers of their outstanding balances, including taxes, penalties, and interest. If you’ve received this notice, it means the IRS is expecting you to take immediate action to resolve your tax liabilities. In this article, we will walk you through what a CP773 notice entails, how to address it, and the steps you can take to prevent further complications with the IRS.
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What is the CP773 notice?
The CP773 notice from the IRS is a formal reminder to individuals or businesses about overdue taxes. It typically lists the amount owed, which includes unpaid taxes, penalties for late payments, and accumulated interest. This notice is often the IRS’s way of urging taxpayers to address their outstanding balances before the situation escalates.
Unlike other IRS notices that may be related to identity theft or account verification, the CP773 specifically focuses on the financial aspect of your tax account. It is crucial to understand that this notice is not just a reminder; it also serves as a warning that failing to address the debt could lead to additional penalties, increased interest, and possibly legal consequences.
Key details included in a CP773 notice
The CP773 notice will typically include the following details:
- The total amount you owe, including taxes, penalties, and interest.
- A breakdown of how much is owed for each component (e.g., taxes, penalties, interest).
- A deadline by which the IRS expects payment.
- Instructions on how to resolve the issue or settle your debt.
- Information on possible penalties if you fail to act.
It’s essential to carefully review the notice to ensure you understand the specific amount owed and the steps needed to address it.
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Why did you receive a CP773 notice?
You received this notice to remind you of the amount you owe in unpaid taxes, penalties, and interest. The IRS uses the CP773 notice as a follow-up to previous correspondence about your tax liability, indicating that no payment or insufficient payment has been made.
There are several reasons why you may have received a CP773 notice:
- Late or missed tax payments: If you have not made timely payments for your tax obligations, the IRS will begin adding penalties and interest to your outstanding balance.
- Failure to file a return: If you failed to file a tax return in a previous year, the IRS might have calculated your tax liability based on available information and sent you a bill for the estimated amount due.
- Underpayment of estimated taxes: If you’re self-employed or do not have taxes withheld through payroll, you may owe estimated taxes. Failure to pay the correct amount can result in a CP773 notice.
- Interest accumulation: Over time, interest accrues on any unpaid tax balances, increasing the total amount you owe.
Pro tip
- Respond quickly: Always respond to an IRS notice like the CP773 as soon as possible to avoid accumulating additional penalties and interest.
How the CP773 notice affects you
The CP773 notice directly affects your tax account, and failing to respond promptly can have serious financial consequences. Here’s how it can impact you:
Financial impact
When the IRS issues a CP773 notice, it means that the balance you owe is already accumulating penalties and interest. The longer you delay addressing the notice, the more these costs will increase, potentially putting you in a deeper financial hole. Additionally, the IRS has the authority to take further actions, including garnishing your wages or placing a lien on your property if the debt remains unpaid.
Potential legal consequences
Ignoring the CP773 notice may lead to more severe legal actions. The IRS can escalate its collection efforts by filing a tax lien, which gives the government a legal claim to your property. In extreme cases, the IRS may initiate levies, allowing them to seize assets such as bank accounts, real estate, or personal property to satisfy the tax debt.
Impact on your credit
If the IRS files a lien due to unpaid taxes, it can negatively affect your credit score. Although IRS liens do not appear on credit reports, public records of liens can be accessed by lenders, making it harder for you to obtain loans or lines of credit in the future.
What should you do when you receive a CP773 notice?
If you receive a CP773 notice, it’s important not to panic. The IRS offers several options for resolving the issue, depending on your financial situation. Here’s a step-by-step guide on how to respond:
1. Review the notice
Carefully read through the entire notice to ensure you understand the amount owed and the payment deadline. Double-check that the IRS calculations match your records, particularly if you have made recent payments or filed a late return.
2. Confirm the accuracy of your tax information
Before taking any action, review your tax records to verify that the amount listed in the CP773 notice is correct. If you believe there has been an error or discrepancy, contact the IRS to clarify the issue. You may need to provide documentation to dispute any incorrect information.
3. Make a payment or request a payment plan
If the amount is correct, you have several options for payment. You can pay the balance in full or request a payment plan if you’re unable to pay the total amount upfront. The IRS offers installment agreements, which allow you to pay off the debt in manageable monthly installments.
To set up a payment plan, visit the IRS website or contact their customer service for guidance. Keep in mind that interest and penalties may continue to accrue until the balance is paid in full.
4. Consider an Offer in Compromise
If you’re unable to pay the full amount due, you may qualify for an Offer in Compromise (OIC), which allows you to settle your tax debt for less than what you owe. The IRS considers your ability to pay, income, expenses, and asset equity when evaluating an OIC request.
5. Consult a tax professional
If you’re unsure how to proceed, consider consulting a certified tax professional. They can help you navigate the complexities of IRS notices, negotiate payment plans, and represent you in discussions with the IRS.
Pro tip
- Keep accurate records: Maintain detailed records of all communications, payments, and actions taken in response to IRS notices. This helps if you need to dispute any errors.
How to respond to the CP773 notice
Steps to take when responding to a CP773 notice
Responding to a CP773 notice involves several key steps. Here’s how to approach the situation:
- Review the details – Confirm that the information in the notice is correct, including the amount owed and payment instructions.
- Contact the IRS – If you have any questions or believe there’s an error in the notice, contact the IRS as soon as possible. Use the contact information provided on the notice.
- Submit payment or request an installment agreement – Depending on your financial situation, either pay the full amount or request a payment plan. Keep copies of any correspondence or payments made to the IRS for your records.
What happens if you can’t pay the full amount?
If you’re unable to pay the full amount due, you still have options. Requesting an installment agreement allows you to break down the payment into smaller, more manageable amounts. You can also explore the IRS Fresh Start Program, which offers payment flexibility for taxpayers facing financial hardship.
Pro tip
- Seek professional help: If you’re unsure about how to handle the CP773 notice or owe a significant amount, consult with a tax professional to guide you through the process.
Further support options for addressing the CP773 notice
If you find it difficult to handle the CP773 notice on your own, the IRS offers several support options, and there are professionals who can assist you.
1. IRS online tools
The IRS website offers a range of online tools that can help you manage your tax account. You can use the “Online Payment Agreement” tool to apply for an installment plan, or the “Offer in Compromise Pre-Qualifier” to determine if you are eligible for settling your tax debt at a reduced amount.
2. Taxpayer advocate service
If you’re facing difficulties in resolving your tax issue, the Taxpayer Advocate Service (TAS) is a free service that helps individuals and businesses navigate complex tax issues. TAS can assist you in getting the IRS to respond or act on your case, especially if you are facing financial hardship.
3. Professional tax help
Tax professionals, such as certified public accountants (CPAs) or tax attorneys, can offer valuable assistance in dealing with the IRS. They are well-versed in tax law and can help negotiate with the IRS on your behalf, particularly in more complex cases such as disputes or large outstanding balances.
Potential penalties or next steps if you don’t respond
Ignoring a CP773 notice can have serious consequences. Failing to respond to the IRS in a timely manner may result in additional penalties, legal action, or other consequences that can further complicate your financial situation. Here are the potential outcomes if you don’t act on a CP773 notice:
1. Additional penalties and interest
The longer you take to address your outstanding balance, the more penalties and interest will accumulate. The IRS charges interest daily on unpaid balances, and late payment penalties can add a significant amount to your original tax debt.
2. Tax liens and levies
If the debt remains unpaid after multiple notices, the IRS may take aggressive collection actions, such as filing a federal tax lien. A lien gives the IRS a legal claim to your property until the debt is settled. In more severe cases, the IRS can issue a levy, allowing them to seize your assets, including bank accounts, wages, or real estate, to satisfy the debt.
3. Wage garnishment
If you continue to ignore the CP773 notice and fail to arrange a payment plan with the IRS, they may garnish your wages. This means that the IRS will require your employer to withhold a portion of your paycheck to cover your tax debt. Wage garnishment can create financial hardship, especially if you rely heavily on your income for basic living expenses.
4. Legal actions
In extreme cases where taxpayers refuse to resolve their outstanding debt, the IRS can take legal action, which could include taking you to court or filing a lawsuit to recover the debt. This can lead to a court order requiring you to pay the amount owed, plus legal fees.
What potential outcomes are possible?
Once you respond to the CP773 notice and take the necessary actions, several outcomes are possible:
1. Payment in full
If you pay the full amount owed, including any penalties and interest, the IRS will clear your account. No further action will be required, and you will avoid any additional penalties.
2. Payment plan approval
If you request an installment agreement and the IRS approves it, you will be able to make monthly payments toward your tax debt. As long as you comply with the terms of the agreement, the IRS will not take further collection actions, such as liens or levies.
3. Offer in compromise acceptance
If you qualify for and submit an Offer in Compromise, the IRS may accept a reduced amount as full payment for your tax debt. This can provide significant relief if you are unable to pay the full amount due. However, you must meet strict eligibility requirements to qualify.
4. Disputing the debt
If you believe there is an error in the amount the IRS claims you owe, you can dispute the notice. This may involve providing documentation that proves the correct amount, such as receipts for tax payments or evidence of an incorrect filing. If the IRS finds in your favor, they will adjust your balance accordingly.
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Frequently asked questions
Why did I receive a CP773 notice?
You received this notice because you have an outstanding tax balance that includes unpaid taxes, penalties, and interest. The IRS sends the CP773 notice as a reminder to prompt payment before taking further collection actions.
How do I settle the amount owed?
You can settle the amount owed by paying the balance in full, setting up a payment plan with the IRS, or submitting an Offer in Compromise if you are eligible. You can make payments online, by mail, or through a bank transfer.
What happens if I ignore the CP773 notice?
Ignoring the CP773 notice can lead to additional penalties, increased interest, and potential legal action, including wage garnishment or asset seizure. It’s important to respond promptly to avoid these consequences.
Can I negotiate a lower payment?
Yes, you can negotiate a lower payment through an Offer in Compromise if you qualify. The IRS will consider your income, expenses, and ability to pay before accepting a reduced amount.
How do I set up a payment plan with the IRS?
You can set up a payment plan by applying for an installment agreement online through the IRS website or by contacting the IRS directly. There are short-term and long-term payment options available, depending on the amount owed and your financial situation.
Can I get professional help to resolve my tax debt?
Yes, seeking the assistance of a tax professional, such as a CPA or tax attorney, can be beneficial. They can help negotiate with the IRS, explore settlement options, and ensure that your rights are protected throughout the process.
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
- A CP773 notice is sent by the IRS to remind you of unpaid taxes, penalties, and interest.
- Ignoring the notice can result in additional penalties, interest, wage garnishment, or legal action.
- Options for resolving your debt include paying in full, setting up a payment plan, or applying for an Offer in Compromise.
- Responding promptly can help you avoid serious financial and legal consequences.
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