IRS CP71A Notice: Your Annual Installment Agreement Reminder
Receiving an IRS CP71A notice means you have an existing installment agreement with the IRS. This annual reminder helps you maintain your payment arrangement and avoid default.
What is a CP71A Notice?
The CP71A is an annual reminder about your active IRS payment plan, providing updated information about your balance and payment requirements.
Key Details Included:
- Current balance after payments made
- Remaining payment schedule
- Monthly payment amount and due date
- Agreement terms and compliance requirements
- Contact information for questions
Understanding Your Notice
Agreement Information:
- Type of installment agreement
- Effective date of your plan
- Payment method being used
Balance Information:
- Original balance when established
- Payments made to date
- Current principal balance
- Accrued interest and penalties
Maintaining Your Agreement
To keep your agreement in good standing:
- Make full payments by the due date each month
- File all required tax returns on time
- Pay current year taxes in full when due
- Update your contact information with the IRS
Default Consequences:
- Agreement termination
- Resumption of collection actions
- Bank levies and wage garnishment
- Additional penalties and interest
If You Can't Make Payments
Options Available:
- Request agreement modification
- Ask for temporary payment delay
- Convert to Currently Not Collectible status
- Apply for an Offer in Compromise
How We Can Help
Our services include:
- Agreement review and optimization
- Default prevention and recovery
- Payment modification requests
- Penalty abatement assistance
- Full IRS representation
Don't Risk Losing Your Payment Arrangement
Your installment agreement protects you from IRS collection actions. Keep it in good standing with professional help.
Call 972-519-0041 now for a free agreement review.