IRS CP504 Notice: Final Notice Before Seizure - Emergency Action Required
Receiving an IRS CP504 notice is a tax emergency of the highest priority. This is your final warning before the IRS begins seizing your assets, and you have extremely limited time to prevent devastating collection actions. The CP504 notice means the IRS has exhausted their patience and is moving to the final phase of collection enforcement.
The IRS CP504 notice is the Final Collection Notice and Notice of Intent to Levy sent to taxpayers who have not responded adequately to previous collection attempts. This notice serves as your last opportunity to resolve your tax debt voluntarily before the IRS begins seizing bank accounts, garnishing wages, and taking other assets to satisfy your unpaid tax obligations.
Critical Features of the CP504 Notice:
- Final notice before asset seizure begins
- Intent to levy all your property and rights to property
- 30-day Collection Due Process hearing rights period
- Federal tax lien filing imminent or already completed
- Specific collection actions the IRS will take
- Last chance for voluntary resolution
- Emergency contact information for immediate action
Asset Seizure Authority
The CP504 notice gives the IRS broad authority to seize:
Bank Accounts:
- All checking and savings accounts
- Business accounts and operating funds
- Joint accounts even if only one spouse owes
- Investment accounts and brokerage assets
Wages and Income:
- Salary and wage garnishment up to 70% of disposable income
- Business income and accounts receivable
- Rental income from properties
- Commission and contract payments
Collection Due Process (CDP) Hearing Rights
You have exactly 30 days from the CP504 notice date to request a CDP hearing:
Automatic Collection Stay:
- All levy actions are suspended during hearing process
- Asset seizures cannot proceed while hearing is pending
- Bank levies must be released if already initiated
- Wage garnishments are halted during proceedings
A CP504 notice represents the most critical tax emergency you can face. Within days, the IRS can seize your bank accounts, garnish your wages, and begin taking your property. Here's how Karme's emergency tax resolution services can protect your assets:
- Emergency Asset Protection Services - Immediate action to protect your most critical assets
- Same-Day CDP Filing - Automatic protection from asset seizure
- Expert CDP Hearing Representation - Negotiating the most favorable terms
- Comprehensive Asset Protection Strategy - Minimizing exposure during resolution
Your Financial Survival Depends on Acting RIGHT NOW
This is the moment that will determine whether you can resolve your tax debt with your assets and dignity intact, or face years of financial recovery from devastating IRS collection actions.
Call 972-519-0041 IMMEDIATELY for emergency assistance with your CP504 notice.
