CP504 Notice: IRS Final Warning Before Asset Seizure – What It Means & How Tactical Tax Group Can Help
CP504 Notice – IRS Final Warning Before Asset Seizure & How Tactical Tax Group Can Help
If you’ve received an IRS CP504 notice, your tax debt situation is critical. This is the last warning before the IRS takes aggressive collection actions, such as placing tax liens, levying bank accounts, garnishing wages, or seizing assets.
🚨 Ignoring this notice can result in:
✔ IRS tax liens on your property, damaging your credit.
✔ Wage garnishment, reducing your paycheck significantly.
✔ Bank account levies, freezing and seizing funds.
✔ Loss of personal assets, such as homes or vehicles.
At Tactical Tax Group, we help taxpayers stop IRS collections, negotiate settlements, and protect their financial stability before it’s too late.
What Is IRS CP504?
The CP504 notice is part of the IRS final collection process. If you’ve received this notice, it means the IRS has already sent multiple warnings, such as:
📌 CP501 – First reminder about overdue tax debt.
📌 CP502 – Second notice emphasizing that your debt remains unpaid.
📌 CP503 – More urgent warning that serious action is approaching.
📌 CP504 – Final warning before the IRS takes legal action.
🚨 CP504 is NOT just another reminder—it signals that the IRS is about to take enforcement action against you.
📌 What’s Included in the CP504 Notice?
✅ Total Amount Due – Your remaining balance, including penalties and interest.
✅ Final Payment Deadline – The last opportunity to avoid IRS enforcement.
✅ Consequences of Non-Payment – The IRS warns that failure to pay will result in liens, levies, or wage garnishments.
✅ Next Steps – Instructions on how to settle your tax debt to prevent severe actions.
🚀 If you don’t respond, the IRS WILL move forward with asset seizure.
Consequences of Ignoring CP504
If you fail to act on the CP504 notice, the IRS will escalate collection efforts, including:
❌ Tax Liens – The IRS places a legal claim against your assets, damaging your credit and making it difficult to sell or refinance property.
❌ Tax Levies – The IRS can seize bank accounts, wages, and even personal property.
❌ Wage Garnishments – A portion of your paycheck may be deducted until the debt is paid off.
❌ State Tax Refund Seizure – The IRS may intercept state refunds to cover your unpaid tax debt.
🚨 These consequences can severely impact your financial future. You MUST act immediately.
How to Resolve a CP504 Notice
✅ Pay the Full Amount Due – The fastest way to stop IRS action is to pay your balance in full. However, if this isn’t possible, other solutions are available.
✅ Set Up an Installment Agreement – If you can’t afford full payment, the IRS offers monthly payment plans to settle your debt over time.
✅ Apply for an Offer in Compromise (OIC) – If you qualify, an OIC allows you to settle your tax debt for less than what you owe.
✅ Dispute or Appeal the Debt – If you believe the IRS made an error, you have the right to challenge the amount owed and request a review.
✅ Seek Professional Help – Negotiating with the IRS can be difficult. Tactical Tax Group can help you determine the best course of action to stop IRS collections and protect your assets.
🚨 Time is running out—failure to act could result in serious financial consequences. 🚨
How Tactical Tax Group Can Help You Avoid IRS Collection Actions
Dealing with the IRS alone can be stressful and overwhelming—but Tactical Tax Group is here to help.
🔹 Immediate IRS Representation – We communicate directly with the IRS to stop liens, levies, and garnishments.
🔹 IRS Payment Plan Negotiation – We help you set up manageable installment agreements.
🔹 Offer in Compromise Assistance – We guide you through the OIC process to settle your tax debt for less.
🔹 Appeal & IRS Dispute Resolution – If the IRS made an error, we handle the appeals process on your behalf.
🚨 Don’t let the IRS take control of your assets—contact Tactical Tax Group immediately for expert tax relief assistance. 🚨
Take Action Now – Avoid IRS Seizures & Protect Your Assets!
Ignoring CP504 could result in:
🚨 Seized bank accounts
🚨 Wage garnishments
🚨 Tax liens on your home or business
🚨 Loss of assets, including vehicles and real estate
✅ Contact Tactical Tax Group today for a free consultation to discuss your options.
✅ Let our tax experts help you stop IRS collections and protect your financial future.
📞 Call us now or fill out our online form to get started!