CP 523 Frequently Asked Questions (FAQs) |
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What is the notice telling me?
This notice is telling you that we intend to terminate your installment agreement. We may also issue a levy against your wages and/or bank accounts. The notice tells you the specific reason for this action. Some examples are:
- You missed a payment.
- You have a new balance due
- You didn't file your tax return.
What do I have to do?
Contact us immediately at the number printed at the top of the notice. Let us know what you will do to correct the problem.
How much time do I have?
You have 30 days from the date of the notice to contact us.
Who should I contact?
If you have any questions about the notice, call us at the number printed at the top of the notice. The person who answers the phone will assist you.
What if I don't agree or have already taken corrective action?
If you do not agree with the reason that we are canceling your installment agreement, contact us at the number printed at the top of the notice to discuss it. If, after discussing your account, you still do not agree, you have the right to file an appeal. You may also contact the Office of the Taxpayer Advocate.
If you have already taken corrective action, you should still call us at the number printed at the top of the notice to make sure your installment agreement can be reinstated.
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Page Last Reviewed or Updated: July 25, 2008