CP504B

A CP504B is the business version of the Notice of Intent to Levy under Internal Revenue Code section 6331(d). The IRS hasn't received payment on a business tax balance and is stating its intent to seize property or rights to property, and possibly file a Federal Tax Lien.

“Pay the amount due immediately — no later than 30 days from the date on this notice. After that we may levy certain property, though in most situations one more notice carrying Collection Due Process hearing rights comes first. Unpaid debt can also affect a passport.”

The IRS's page is explicit: pay or make contact no later than 30 days from the notice date. Certain employment-tax situations can be levied without a further hearing notice, which is why business intent-to-levy letters deserve prompt, calm attention.

• The complete notice
• The business return for the year and type of tax shown
• Payroll tax deposit records if employment tax is involved
• Proof of payments and any existing installment agreement paperwork

• Determining whether the levy risk is immediate (employment-tax cases) or whether hearing rights come first
• Getting a payment arrangement approved before the 30 days run out
• Requesting a Collection Appeals Program review when action is imminent
• Sorting deposit-application errors, which are a common cause of business balances that aren't really owed