Understanding IRS CP504 Notice of Intent to Levy (Part 1 ) | Community Tax скачать в хорошем качестве

Understanding IRS CP504 Notice of Intent to Levy (Part 1 ) | Community Tax

Have you received an ominous Threat to Levy Notice CP504 in the mail? Before you panic that the IRS will take you for everything you own, know that the notice allows the IRS to intercept your state refund check, but still requires them to send out another notice before proceeding with any other enforced collection actions. If this is your situation, there are a few steps to take to help you easily address the notice. In part 1 of this 2-part series, learn exactly what an IRS CP504 Notice of Intent to Levy is, why you may have received one, and the kinds of assets the IRS can seize or levy to fulfill your overdue tax liabilities. Ignoring the CP504 Notice will not resolve the issue. Taking action to address your tax debt can help avoid additional penalties and collection actions. Finished with part 1? Learn how to reconcile your CP504 Notice in our Part 2 video:    • How To Respond to an IRS CP504 Notice...   Resources: "Understanding your CP504 notice" - IRS.gov - https://www.irs.gov/individuals/under... "Understanding a Notice of Levy and its Implications" - Community Tax - https://www.communitytax.com/tax-blog... #TaxResolution #TaxAdvice #CommunityTax ------------------------------------------------------------------------- Contents of this video: 00:00 - [ The IRS Notice CP504 Explained ] 00:49 - [ What It Means if You Receive Notice CP504 ] 01:08 - [ Is a Notice CP504 Serious? ] 02:45 - [ What Assets the IRS Can Seize if You Ignore the Notice ] ------------------------------------------------------------------------- Don’t let taxes impact your financial standing, get actionable advice from professionals you can trust at Community Tax. Visit us online: https://www.communitytax.com/ Connect with us on Linkedin:   / community-tax-relief-llc   Follow us on Facebook:   / communitytaxllc   Follow us on Instagram:   / communitytaxllc   Follow us on Twitter:   / communitytaxllc   Follow us on TikTok:   / communitytaxllc   ------------------------------------------------------------------------- Community Tax is a private, fee-based service provider. Individual results may vary based on your individual situation. Program does not assume or pay any debts, promise a specific reduction in income taxes owed or provide legal representation. Not all taxes are the same and the IRS does not always settle, so a specific reduction in the amount of taxes owed is not guaranteed. Community Tax’s program is not available in all states.