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Notice and Demand LifeBack Tax

Notice and Demand - LifeBack Tax

When an individual or business owes past due taxes to the Internal Revenue Service, the IRS first assesses the taxpayer's unpaid balance and penalties, then bills the taxpayer for their outstanding debt. This billing notice, officially designated CP14 or CP161, is commonly known as a Notice and Demand for Payment. Assessment, notice, and demand for payment are the first steps in the IRS collection process, and grant the IRS a statutory time limit of 10 years to collect the taxpayer's debt, starting from the date of assessment. The IRS generally notifies taxpayers by mail within 60 days of assessing their liability.

Once a taxpayer receives a Notice and Demand for Payment, they must pay their balance in full within the deadline indicated in the notice. This includes any failure-to-file or failure-to-pay penalties and interest, based on the time between the payment deadline and the date of notice. While federal tax returns are usually processed within 21 days of filing, the IRS may audit tax returns up to three years after they were filed. Note that if a tax return is never filed, the IRS has up to six years to assess tax liabilities and penalties.

Typically, a Notice and Demand provides a taxpayer 21 days to pay their taxes. Accumulation of interest and penalties is temporarily paused during this period. However, if their tax debt is significantly high, the taxpayer may only have 10 days to pay the IRS instead. If a taxpayer is unable to pay their balance in full, they may arrange for alternate payment solutions with the IRS, such as entering an installation agreement or applying for an offer in compromise.

While a Notice and Demand does not immediately put a taxpayer's livelihood at risk, it may have far-reaching consequences if left unaddressed. If the taxpayer does not pay their balance in full by the allotted deadline (21 or 10 days after receiving the Notice and Demand), then interest and penalties resume accumulating. A statutory, "secret" lien is automatically placed on all of the taxpayer's property and assets, allowing the IRS to take further collection actions as necessary. Such actions may involve filing a public Notice of Federal Tax Lien (NFTL), garnishing wages, levying bank accounts, or seizing property through an administrative levy. The statutory lien should not be confused with the public NFTL, as it automatically arises after the Notice and Demand's deadline, does not require public notice to take effect, and is backdated to have started on the date of assessment. The IRS continues to send collection notices with increasingly dire threats, eventually culminating in a Final Notice of Intent to Levy, until the taxpayer's liability is satisfied.

If you have received a Notice and Demand for Payment from the IRS, we advise taking steps to prevent your unpaid balance from escalating. If you are unable to pay your back taxes within the given deadline, we at LifeBack Tax can assist you in contacting the IRS to make alternate payment arrangements. We are committed to defending taxpayers and their livelihoods from the government, and will advocate on your behalf to find the right solution for you.

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Certified by The American Society of Tax Problem Solvers
Certified by The American Society of Tax Problem Solvers
Certified by The American Society of Tax Problem Solvers

Member of California Society of Certified Public Accountants
Member of California Society of Certified Public Accountants
Member of California Society of Certified Public Accountants

Member of National Association of Enrolled Agents
Member of National Association of Enrolled Agents
Member of National Association of Enrolled Agents

Member of California Society of Enrolled Agents
Member of California Society of Enrolled Agents
Member of California Society of Enrolled Agents

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