IRS Notice CP504: What It Is, What It Means, and How to Respond

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  • เผยแพร่เมื่อ 3 ต.ค. 2024

ความคิดเห็น • 44

  • @2getherWeAreWAND
    @2getherWeAreWAND 6 หลายเดือนก่อน +2

    I want to thank you for being a stand up gentleman and checking up on my situation. I wish you all the success in the world!

  • @tulani99
    @tulani99 6 วันที่ผ่านมา

    Thanks. I was freaking out when I got the certified letter

  • @westcoastg4life
    @westcoastg4life หลายเดือนก่อน

    What if you just rent a room ? And don't own any real estate property

  • @dlv0187
    @dlv0187 5 หลายเดือนก่อน +2

    how does a non-tax payer handle a CP504 letter? After all, most people are non-taxpayers. I've never seen, in law, a statute or law that requires us to pay federal taxes.

    • @ChipChurp
      @ChipChurp 5 หลายเดือนก่อน

      Nothing happens until you pay it I got it too ignored it for years .never got levied got cars no garnishments. Just was told again when I wanted to catch up and paid the outstanding balance it's dumb

    • @alexx.5669
      @alexx.5669 2 หลายเดือนก่อน

      Quit playing. You're living in this country, you will pay. This whole mindset is almost as bad as being an Alex Jones fanboy.

  • @blackbirds4
    @blackbirds4 6 หลายเดือนก่อน +1

    if you send some money does it stop them until you get your taxes filed

  • @myd0gr3x
    @myd0gr3x 6 หลายเดือนก่อน

    HOW can the IRS levy a CIVPEN for "frivolous position" when there are no enforcement regulations AND they do not disclose the alleged "position"?

  • @OPERATIONSMGR-b9i
    @OPERATIONSMGR-b9i 6 หลายเดือนก่อน

    What remedies does IRS have if you have no income to garnish, no bank accounts or assets?

  • @myd0gr3x
    @myd0gr3x 6 หลายเดือนก่อน

    how does one find a valid Assessment made by the IRS?
    how can the IRS threaten a Levy without providing the actual record of Assessment signed under penalty of perjury?

  • @OPERATIONSMGR-b9i
    @OPERATIONSMGR-b9i 6 หลายเดือนก่อน +2

    For 2022, IRS only sent CP161 and then went straight to CP504B, skipping CP501 and CP503. Why is this?

    • @LoganAllec
      @LoganAllec  5 หลายเดือนก่อน

      Hi! I answered your question in this video: th-cam.com/video/2T9ev1HAC0M/w-d-xo.html

    • @OPERATIONSMGR-b9i
      @OPERATIONSMGR-b9i 5 หลายเดือนก่อน

      @@LoganAllec Thanks!
      Do you ever see cases in which IRS requests a 433-A in addition to the 433-B for a corp or do they mostly focus just on the collecting from the business?

  • @2getherWeAreWAND
    @2getherWeAreWAND 8 หลายเดือนก่อน +2

    How are we supposed to pay anything or request any hearing when the numbers on the notices run you around in circles? Can you please post a good number to contact the IRS? I think I qualify for abatement.

    • @LoganAllec
      @LoganAllec  8 หลายเดือนก่อน +3

      Unfortunately, it can be difficult to individual taxpayers to get ahold of someone at the IRS who knows what they're talking about. As tax professionals, we have a direct line for CPAs and attorneys. I'd encourage you to fax your request as it will safe you time. Be sure to include a cover sheet (that includes your fax number, name, SSN, tax year in question, and your request itself) as well as any documentation you have supporting your request behind the cover sheet. Good luck!

    • @2getherWeAreWAND
      @2getherWeAreWAND 8 หลายเดือนก่อน +1

      @@LoganAllec Thank you. I'm on hold with them now about getting the fax number for the CPD hearing.

    • @thencarolinaman1934
      @thencarolinaman1934 6 หลายเดือนก่อน +1

      ​@2getherWeAreWAND how did it go with cp504 IRS ?

    • @2getherWeAreWAND
      @2getherWeAreWAND 6 หลายเดือนก่อน

      They granted an abatement on the fees but nothing else, then they turned around and said that everything that we agreed to on that phone call was no longer applicable and they want the full amount now. My situation is complicated and I am doing amendments on the tax return for years 21 and 22. I'm finishing the 21 amendment now. My boyfriend at the time never claimed me and now we are married. I also never received any EIP'S for 2020 or 2021 so I am hoping that they will be able to get the money they want from him from my EIP credits.

  • @geriericksonsweat5991
    @geriericksonsweat5991 3 หลายเดือนก่อน

    so if Soc sec Disability was deposted and there is a levy they can take that whole deposit?

  • @robd2905
    @robd2905 2 หลายเดือนก่อน +1

    Hi Logan. Received a CP504 notice today. I plan on having my tax paid in 2 week. Will that be enough time to avoid a levy or lien? Thanks for the content very helpful.

    • @LoganAllec
      @LoganAllec  2 หลายเดือนก่อน

      Hi Rob. You'll be fine. More thoughts here: th-cam.com/video/vpySnle3Kss/w-d-xo.html

  • @DamianoOkaie
    @DamianoOkaie 5 หลายเดือนก่อน

    My father, taxpayer died in 2010. We received notice number cp504. I obtained POA for his estate. What can I do sort the back taxes owed?

  • @mycompasslawp.a.4328
    @mycompasslawp.a.4328 8 หลายเดือนก่อน +2

    Question, if you pay off the total amount on the CP504 online on the 26th day (a Saturday), payment was accepted successfully, but they tell you that it won't apply until the 30th day (a Tuesday because Monday is a holiday), will that resolve the problem and avoid that levy? My understanding is that at this stage everything is automated and no humans are involved in this initial collection process. Thanks, I look forward to receiving a reply. Good video, very informative.

    • @jamesmoninger1982
      @jamesmoninger1982 7 หลายเดือนก่อน

      You will be fine, but the CP504 is not exactly the "initial collection process."

  • @torreselmonte1
    @torreselmonte1 6 หลายเดือนก่อน

    Can the IRS take money out of 401K or Cal Savers account? I live in California.

  • @gladyssmith3687
    @gladyssmith3687 ปีที่แล้ว +1

    Hi Logan.

    • @LoganAllec
      @LoganAllec  ปีที่แล้ว

      hello gladys how are you?

  • @emanuellawton7942
    @emanuellawton7942 5 หลายเดือนก่อน +1

    Can you still enter into an installment agreement after receiving one of these letters?

    • @LoganAllec
      @LoganAllec  5 หลายเดือนก่อน

      Yes! I expand on this question more fully in this video that will be published soon: th-cam.com/video/hHNU8pY4ICk/w-d-xo.html

    • @orlandowoods3235
      @orlandowoods3235 2 หลายเดือนก่อน

      Can you file for settlement if you already stated a payment plan?

  • @emanuellawton7942
    @emanuellawton7942 5 หลายเดือนก่อน

    If a taxpayer has been compliant by filing 6 years or beyond of back taxes, are SFRs remaining file automatically enforced without management approval ?

    • @LoganAllec
      @LoganAllec  5 หลายเดือนก่อน

      You’re asking if IRS staff can pursue SFRs can prepare SFRs beyond the six years without managerial approval for a situation when a taxpayer is in compliance for the last six years?

    • @emanuellawton7942
      @emanuellawton7942 5 หลายเดือนก่อน

      @@LoganAllecThank you LoganAllec. Actually I was wondering If the SFRs that are beyond the 6 years of compliance are already on file, could they be enforced without management approval i.e. tax years for 2017-2023 have been filed and are within compliance but tax years 2013-2016 have yet to be filed and have SFRs attached to them. Would there need to be management approval to enforced those SFRs for tax years 2013-2016 since they fall outside the 6 years of compliance but tax years 2017-2023 are in compliance.

  • @uncledonaldshow2908
    @uncledonaldshow2908 8 หลายเดือนก่อน

    I got the same letter from the irs but the amount of federal i owe is 1400 dollars can the irs garnish my check for that if i dont pay

  • @cintya5499
    @cintya5499 8 หลายเดือนก่อน +1

    Hello, I received the letter that I owe money to the IRS. I login to my irs account but it showing 0 balance what would that be.

    • @LoganAllec
      @LoganAllec  8 หลายเดือนก่อน

      What is the notice number on the notice you received from the IRS? Some notices are simply a proposal of what the IRS is proposing to assess against you. If that's the case, your balance would show as $0 on the IRS website until that amount is actually assessed.

  • @infalliblekingbrooks1700
    @infalliblekingbrooks1700 6 หลายเดือนก่อน

    I don’t trust this guys information.

    • @dreamceline2093
      @dreamceline2093 6 หลายเดือนก่อน

      Why?

    • @infalliblekingbrooks1700
      @infalliblekingbrooks1700 6 หลายเดือนก่อน

      @@dreamceline2093 because I’ve seen other CPAs and Finiancial advisors on TH-cam that have all said different things and their info lines up with each other. Particularly he is using fear tactics that professionals don’t use. He behaves more like a used car salesman. There are channels out there that tell you when calling the IRS exactly what to say and what not to say and why. They don’t try to scare you into not calling.

    • @MontanaGrizzsky
      @MontanaGrizzsky 2 หลายเดือนก่อน

      Didn’t give any solutions whatsoever