Understanding IRS CP504 Letter: Expert Advice from Former IRS Agent скачать в хорошем качестве

Understanding IRS CP504 Letter: Expert Advice from Former IRS Agent

🗓️ Book Appointment - https://api.leadconnectorhq.com/widge... 💻 Visit our website for more info: https://sullivan4IRSmatters.com/ 📨 Email us at [email protected] 📞 Call us for solutions: 954-328-3501 Hello, I'm Sullivan, a former IRS agent and teaching instructor with 51 years of experience in IRS tax resolution matters. I've seen and handled countless cases, and today, I'm here to talk about one of the most critical IRS letters you may receive: the CP504. The CP504, also known as the Notice of Intent to Levy, is a serious warning from the IRS. It's designed to grab your attention, and it should. As someone who has worked within the IRS for a decade, I can assure you that ignoring this letter is a huge mistake. When you receive a CP504, it's essentially the IRS knocking on your door, demanding immediate attention. This letter signifies that if you don't take action, the IRS has the authority to levy your property or rights to property, such as your bank account or wages. It’s a wakeup call that many people fail to heed, often putting their heads in the sand instead of reacting appropriately. Here’s what you need to know: Do Not Make Knee-Jerk Reactions: If you get a CP504, do not call the IRS impulsively. Understand what they will ask for on the other end of the line. They follow National Standards for expenses, which means they may not allow all your expenses and could set you up with a larger payment agreement than you can afford. Understand IRS National Standards: Before contacting the IRS, familiarize yourself with their National Standards for expenses. This will give you a clear idea of what they will accept and help you prepare your case effectively. Prepare Your Financial Information: Ensure all your tax returns are filed and, if you’re self-employed, that your estimated payments are made. Be ready to provide a detailed financial statement (Form 433-F for the service center or Form 433-A for the local office). Seek Professional Help: If you owe a significant amount of money, it’s wise to seek professional representation. Avoid big firms that promise to settle your debts quickly. They often don’t understand the intricacies involved. Whether you choose to call me or another expert, make sure it’s someone with extensive experience in IRS tax resolution. Time is of the Essence: The CP504 is a time-sensitive document. Failing to act can lead to severe consequences, including federal tax liens and levies on your property. It’s crucial to respond promptly and appropriately. Thank you for taking the time to watch this video. If you found this information helpful, please consider subscribing to my channel. We have a dedicated team ready to assist you with any IRS issues. Don’t ignore the CP504 letter—take action today to avoid severe penalties. For more detailed advice and personalized assistance, feel free to reach out. I’m here to help you navigate through these challenging situations with expertise and experience. Thank you for watching, and remember to stay informed and proactive about your IRS matters. Thank you for watching and subscribing! ----------------------------------------------------------------------------- Contact Us: 💻 Visit our website for more info: https://sullivan4irsmatters.com/ 📨 Email us at [email protected] 📞 Call us for solutions: 954-328-3501 Follow Me on Linkedin -   / michael-sullivan-01853115   Follow Me on Instagram -   / michael-sullivan-01853115   Follow Me on Facebook -   / mdsullivantaxgroup   How Do You Prepare For An IRS Tax Audit -    • How Do You Prepare For A IRS Tax Audit, Fo...   What Happens If You DO NOT SHOW for An IRS Tax Audit -    • What Happens If You DO NOT SHOW for A IRS ...   Facing 25 Years of Unfiled Taxes -    • Live Interview: Facing 25 Years of Unfiled...   Secret to Stopping An IRS Tax Wage Garnishment Fast -    • The Secret to Stopping A IRS Tax Wage Garn...   Expert Strategies for Ensuring Your OIC Gets Accepted -    • Expert Strategies for Ensuring Your OIC Ge...