CP501

What This Notice Means

The CP501 is a reminder notice that you still have an unpaid balance on your tax account. This notice is sent after the initial CP14 notice if you haven't paid or made arrangements to pay. If you're unsure about your tax obligations or need to verify tax relief options, professional assistance can help clarify your situation.

Why You Received This Notice

• You didn't respond to the previous CP14 notice
• You didn't pay the full amount due by the deadline
• A payment arrangement wasn't established

What You Should Do

• Pay the full amount immediately if possible
• Apply for an installment agreement if you cannot pay in full
• Consider an Offer in Compromise if you cannot pay the full amount
• Contact the IRS immediately to discuss your options
• Seek professional tax relief assistance to understand all available solutions

Professional tax relief services can help you understand all available options and guide you through the resolution process.

Don't Ignore This Notice

• The IRS will send more urgent collection notices
• You may face enforced collection actions like liens or levies
• Additional penalties and interest will continue to accumulate
• Your taxes will increase significantly over time

What Happens Next

If you don't respond to this notice, the IRS will send a CP503 notice, which is more urgent. After that, you may receive a CP504 notice, which is a final notice before levy action. Professional tax help can assist in negotiating payment arrangements before the situation escalates. Professional tax help can assist in negotiating with the IRS and exploring all available resolution options.

Related Notices