IRS CP20 Notice: Balance Due Reminder
The IRS is reminding you about an unpaid tax balance that requires immediate attention to avoid penalties and collection actions.
Understanding Your CP20 Notice
The CP20 notice is a follow-up reminder about an outstanding tax balance from previous IRS communications.
Key Details Included:
- Current balance due including penalties/interest
- Payment deadline and options
- Tax period(s) with outstanding balances
- Consequences of non-payment
Common Reasons for Receiving CP20
- Unresolved balance from previous notices
- Missed payment deadline
- Payment processing issues
- Defaulted payment plan
Required Action Steps
Step 1: Verify Your Balance
- Compare with your tax records
- Check for any payments made
- Confirm all information is accurate
Step 2: Resolve the Balance
- Pay in full by the deadline if possible
- Set up a payment plan if needed
- Consider penalty abatement options
Step 3: Dispute if Incorrect
- Gather supporting documentation
- Contact the IRS immediately
- Follow formal dispute procedures
Consequences of Not Responding
- Additional penalties and interest charges
- Possible wage garnishment
- Bank account levies
- Tax lien filings affecting credit
- More aggressive collection notices
How We Can Help Resolve Your CP20
Our tax resolution services include:
- Complete notice review and analysis
- Payment plan negotiation
- Penalty abatement requests
- Balance dispute representation
- IRS communication and advocacy
Don't Let Your Tax Debt Grow Larger
Every day you wait costs more in penalties and interest. Take action now.
Call 972-519-0041 today for immediate assistance.