IRS Notice CP504B – Notice of Intent to Levy (Business)
IRS Notice CP504B is a final warning from the IRS that it intends to levy your business assets due to an outstanding tax balance.
Why Did I Receive IRS Notice CP504B?
You received notice CP504B because you have an unpaid business tax debt. The IRS has sent several notices alerting you to the overdue balance, but you have not responded or paid the amount due. If you do not pay the amount due immediately (30 days), the IRS may seize or levy your business assets. This may include bank accounts, accounts receivable, and other business assets.
Next Steps
Do not panic. Review your CP504B notice carefully and keep a copy for your records. The notice will detail how much you owe, including any penalties and interest fees.
If you agree with the amount due:
- Pay your balance by the deadline date, or the IRS may file a Notice of Federal Tax Lien and move forward with other collection actions.
- If you can’t pay in full, you may be eligible for a payment plan (depending on the type of tax due) or other tax resolution options. You’ll need to contact the IRS or a tax professional to set this up as soon as possible to avoid business disruptions.
If you disagree with the amount due:
- Call the number listed on your CP504B notice and speak to the IRS. Have your account information available before calling.
- Request an appeal under the Collection Appeals Program (CAP) before the 30-day deadline. You can do this by contacting the number on your CP504B notice or by sending Form 9423.
Who Should I Contact if I Have More Questions?
For questions about your IRS Notice CP504B, call the number listed on your notice. If you need assistance with requesting a business tax payment plan or other tax relief, call Tax Defense Network at 855-476-6920 for a free consultation.
