The IRS has hundreds of notices they send to taxpayers, so we compiled a list of the most common IRS notices written in plain English to save you from the headache of deciphering what your notice means!
CP10: The IRS has made changes to your return because there was a miscalculation, and these changes may impact the estimated tax payment you requested to be applied to your next tax year. Please read this notice carefully as it will outline what the problems were and suggest additional steps for you to take. Also, adjust this year’s estimated tax payments to avoid any possible underpayments of upcoming taxes.
CP11: This notifies you that the IRS has found a miscalculation on your tax return and you owe money on your taxes as a result. Please read this notice carefully as it will outline what the problems were and suggest additional steps for you to take. If you disagree with the changes the IRS has made, contact them within 60 days of receiving your notice.
CP12: This notice informs you that the IRS made changes to correct a miscalculation on your tax return. If you agree with the changes the IRS made to your return, you do not need to do anything and your return should arrive within 4-6 weeks. If you do not agree, contact the IRS at 1-800-829-8374 to review your account.
CP14: This notice is sent by the IRS when you owe money on unpaid taxes. Read this notice carefully as it will explain how much you owe and how to pay it. You must pay the amount listed on this notice by the date listed, unless you are unable to pay in which case you may be able to arrange a payment plan.
CP23: The IRS made changes to your return because they found a miscalculation between the amount of estimated tax payments on your tax return and the amount posted to your account. You have a balance due because of these changes. Read this carefully as it will explain why you owe money on your taxes, and check the list of payments the IRS applied to your account to ensure all the payments you made were applied. If you agree with the changes, pay the full amount by the date shown on your notice, and if you are unable to pay the full amount by the date shown you may be able to set up a payment plan. If you disagree with the changes made, contact the IRS at the toll-free number listed on your notice.
CP24: The IRS has made changes to your tax return because they found a difference between the amount of estimated tax payments on your tax return and the amount posted to your account. As a result, you have a potential overpayment credit because of these changes. Read this carefully and check the list of payments the IRS applied to your account to ensure all the payments you made were applied. If you disagree with the changes made, contact the IRS at the toll-free number listed on your notice.
CP49: This notice informs you that the IRS used your whole tax refund to pay a tax debt. Your notice will explain how they used your refund so be sure to read it carefully and contact the IRS if you disagree.
CP54G: This notifies you that the tax return you submitted shows a different name or ID number from the information the IRS has on file for your account. Please provide the IRS with the requested information in order for them to properly process your refund.
CP90: This notice is informing you of the IRS’s intent to levy certain assets. They have previously sent you a notice regarding the issue with your account, but your balance is still unpaid. Read your notice carefully as it explains what steps you need to take within 30 days of your notice to prevent the levy from being issued.
CP91: The IRS is notifying you of their intent to levy your Social Security benefits. Your balance is still unpaid, and they intend to take 15% of your Social Security benefits as payment. Read your notice carefully as it explains what steps you need to take within 30 days of your notice to prevent the levy from being issued.
CP297A: The IRS has sent you this notice to inform you of a levy issued and your right to a hearing. They have previously sent you a notice regarding the issue with your account, but your balance is still unpaid.
CP501: This informs you that you have a balance due (money you owe to the IRS) on one of your tax accounts. Read this notice carefully as it should answer your initial questions. It will tell you your due date, amount due, and offer payment options for you. You must make your payments by the due date, or set up a payment plan if you cannot pay in full.
CP503: This notice serves as a reminder sent by the IRS because they have not heard from you and you have an unpaid balance on one of your tax accounts. Read this notice carefully as it will tell you your due date, amount due, and offer payment options for you. You must make your payments by the due date, or set up a payment plan if you cannot pay in full.
CP504: This notice informs you that you have an unpaid amount due on your account, and if it is not paid immediately the IRS will levy your state income tax refund and apply it to pay the amount you owe. Read this notice carefully, it will tell you your due date, amount due, and offer any payment options available for you. You must make your payments by the due date, or set up a payment plan if you cannot pay in full.
CP504B: This notice informs you that you have an unpaid amount due on your account, and if it is not paid immediately the IRS will levy certain property or rights to property and apply it to pay the amount you owe. Read this notice carefully it will tell you your due date, amount due, and offer payment options for you. You must make your payments by the due date, or set up a payment plan if you cannot pay in full.
CP523: This notice informs you of the IRS’s intent to terminate your installment agreement (payment plan) and levy your assets because you have defaulted on your payment plan. Please make your payment before your termination date to prevent your installment agreement from being terminated. If it is terminated, you may be able to coordinate with the IRS to reinstate it after you pay a fee.
CP2005: The IRS accepted the information you sent them and they are not going to change your tax return. They have closed their review of your account. You do not need to take any further actions.
CP2051: The IRS needs you to contact them as soon as possible. They have received information not reported on your tax return. Read the notice carefully as it explains what information the IRS has already received. Complete the response form sent with your notice regardless of if the information is correct or incorrect.
Letter 668D/LP68: This notifies you the IRS has released the Notice of Levy for the taxpayer listed on the letter. You are no longer required to turn over any money, property, or rights to property belonging to that taxpayer.
LT11/Letter 1058: This letter is a notice explaining the IRS intends to issue a levy against your bank accounts, wages, or other assets because you still have a balance due. It is informing you that they will begin searching for other assets on which to issue a levy also, and may file a Federal Tax Lien if they have not already done so. You must pay the amount shown on the notice, or call the number provided to set up a payment plan.
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Please keep in mind the information and advice presented in this blog is not intended to be used as formal legal advice. Contact a tax professional for personalized tax advice pertaining to your specific situation. While we try and answer all parts of the question when we write our blogs, sometimes there may be some left unanswered. If you have any questions about your problems with the IRS, SBOE, FTB, or BOE, or tax law in general, call RJS Law at (619) 595-1655.
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