CP 504 IRS Notice: Final Notice, Balance Due

A CP 504 notice is sent with a sense of urgency to taxpayers who owe money to the IRS. This form is sent when no payments have been made and this is the final notice that is sent before a levy will be obtained. This notice is one page in its entirety, and will explain your account information in detail.

IRS Notices

Form 504 is a one page notice and contains the following information:

  • A two-digit code that explains the assessments
  • A tear off stub on the last page of notice with a code of "aa", "bb", "cc", "dd", "ee", "ff", etc.
  • There will be no more than eight codes assigned to this stub

This form is telling you as a taxpayer, that the IRS intends to file a levy against any anticipated tax refund, to collect a past due balance. The IRS will also begin to investigate your other assets as well. They may also file a Federal Tax Lien as a result of the past due amount owed. You can either pay the amount shown on the notice or enter into an installment agreement. Your tax attorney can make arrangements and contact the IRS on your behalf to work out the best solution for you and to stop any collection actions that may be going on.