One of the most alarming notices to receive from the IRS is a notice that they are going to seize your assets. For some taxpayers, the notice is their first indication that the IRS is going to go after their property if prior notices were never seen or received. If you receive a CP90 notice, contact your reliable tax attorney as soon as possible. In Maryland, contact Juda Gabaie at Gabaie & Associates, LLC for help.
What is an IRS Notice CP90?
A CP90 Notice is a letter from the Internal Revenue Service (IRS) that the taxpayer has an amount due for unpaid taxes. This is the notice of intent to levy certain assets. However, the notice also informs the taxpayer of their right to a Collection Due Process hearing.
If the taxpayer does not respond to the CP90 Notice, the IRS may levy or seize assets, property, or rights to property, including:
- Wages, real estate commissions, and other income
- Bank accounts
- Business assets
- Personal assets
- Social Security benefits
A tax lien may also result in the denial or revocation of your United States passport.
What to Do After Receiving a CP90 Notice
According to the IRS, after receiving a CP90 Notice, you should read the notice carefully, make a payment, and if you cannot pay the full amount, request a payment plan. However, before sending off a check, you may want to contact your reliable Maryland tax attorney first. Your tax lawyer can review the notice and tax records to give you a better idea of your rights and options.
Agree and Pay the Tax Amount Due
If you agree with the assessment and are able to make a full payment, you may be able to pay the notice amount and the IRS should clear your debt and take no further action. However, before making a payment, you may want to talk to the IRS or your tax attorney and make sure that there will be no further action taken against your property.
Agree But Cannot Pay the Balance
If you do not dispute the assessment but you cannot pay the entire amount, you may be able to make some other arrangement with the IRS. Talk to your tax attorney who may be able to advise you of your options and help you to negotiate a payment option that works for you. This could include entering into an installment agreement or negotiating an offer in compromise to reduce your tax liability.
Dispute the Notice and Assessment
If you do not agree with the tax notice and dispute the tax liability, you still have to respond to the notice. If you ignore the notice, the IRS may take action to seize your property. Contact your tax attorney who will be able to talk to the IRS directly and can represent you in challenging the tax assessment or negotiating your tax bill.
Under the notice, you have the right to request a Collection Due Process hearing. There should be a deadline on the notice to request a hearing. If you do not request a formal hearing by the deadline, you may lose your right to contest the Appeal's decision in tax court.
Questions About Your IRS Notice for Maryland Tax Lawyer
If you received a Notice CP90 from the IRS and have questions or concerns before making a payment, contact Gabaie & Associates, LLC for a free consultation. You can contact Juda Gabaie online or call (410) 862-2198 for help with your IRS or Maryland tax issues.