Know Your IRS Notice CP 90_ Intent to Levy

Patrick Waletr

Received a CP90 or CP297 notice from the IRS? Learn what these urgent final notices mean, how they impact your taxes, and the best steps to respond and avoid enforced collection actions like wage garnishment or asset seizure. Watch now for expert IRS guidance!

Transcript

00:00Hi, I'm Jamie Flores with the Law Offices of Nick Namath.

00:03So today we're going to go over the CP90 notice.

00:06This is a very serious notice.

00:09It is a final notice intent to levy.

00:12You do have appeal rights.

00:15You must file an appeal within 30 days of the date of the letter.

00:18If you do not, you have missed that appeal and you are exposed to levies.

00:24This notice will tell you, hey, we haven't received your payment.

00:28You have an outstanding balance with us and it's going to break down your penalties and your interest.

00:35And then the total amount due is immediately.

00:37It will also give you a payment voucher at the bottom.

00:40The next page, it's just going to tell you, you need to pay immediately.

00:45We're continuing this information.

00:47You have the right to a CDP hearing with the IRS Independent Office of Appeals.

00:52And again, you have to file that within 30 days.

00:54If you don't file it within 30 days, from day 31 to 365, you may file an equivalent hearing.

01:02But that equivalent hearing does not protect you from levies from happening.

01:06It also goes into detailed information that the IRS has the authority to file a tax lien.

01:11So make sure that you understand that.

01:15You may also file an appeal for a tax lien being filed.

01:22There's additional information that has only been in the last couple of years they've been adding to these,

01:26which is about your passport restrictions.

01:29And what it does is it's denial or revocation of your United States passport.

01:34If you already have an active passport, generally they don't go in and do anything to it.

01:40You just can't renew it.

01:42Now, there are some instances, usually it's very high dollar balance owed,

01:47or if there are foreign accounts, they may go in and cancel your passport to where you can't travel.

01:52But it gives you information about that as well.

01:55It will also tell you what years you owe for and what forms you owe for.

02:00Usually we'll see either civil penalties here or we'll see personal liability on your 1040 form and the total amount due.

02:06And then it will tell you how did they come up with the dollar amount of penalties and interest in the calculations of that.

02:12Additional information, if you disagree with it, you may contact them back.

02:16But a CP90 is a final notice intent to levy because you have an outstanding balance with the IRS.

02:25And you do not want to throw away this notice because your bank account can be levied and your wages can be garnished.

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