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CP504 Notice: The IRS Says Pay Immediately or Else


Content provided for general information. Talk to your advisor to learn about recent updates or other rules that may apply to your situation.

A CP504 Notice is a final notice from the IRS that you owe taxes and must pay immediately. If you don’t make payment arrangements or contact the IRS, they will begin collection actions.

What is a CP504 notice?

A CP504 notice is a notice of intent to levy.

A levy is the IRS term for:

  • Taking money out of your bank accounts,
  • Garnishing your wages,
  • Seizing business assets,
  • Withholding Social Security benefits,
  • Seizing your state income tax refund,
  • Or taking other rights to property you have.

The IRS may also impose a tax lien on you.

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