CP523 – IRS Repayment Plan Termination & How Tactical Tax Group Can Help

If you’ve received IRS CP523, it means your IRS payment plan is at risk of termination, putting you one step closer to tax liens, levies, or wage garnishments.

🚨 If you do not act within 30 days, the IRS may:
✔ Terminate your installment agreement and demand full payment.
✔ Place a tax lien on your property, affecting your credit and ability to sell assets.
✔ Seize your wages, bank accounts, or assets to collect unpaid debt.

At Tactical Tax Group, we help taxpayers reinstate their installment agreements, avoid IRS enforcement actions, and secure financial relief.

Why Did You Receive an IRS CP523 Notice?

A CP523 notice typically follows a CP521 notice, which serves as a reminder of missed payments. If you’ve received CP523, it means your repayment plan is in default due to:

✅ Failure to make a scheduled payment – The most common reason for default.
✅ Failure to submit required financial documentation to the IRS.
✅ Failure to pay the full agreed-upon installment amount each month.

📌 The IRS considers missed payments as a breach of your agreement. If you don’t act quickly, your repayment plan will be terminated, and you will face IRS collection actions.

What Happens After Receiving CP523?

📌 Receiving CP523 does not automatically terminate your repayment plan—but it places your account into default status.

🚀 You have 30 days to act before the IRS enforces:
❌ Tax liens – The IRS places a legal claim against your property, preventing you from refinancing or selling assets.
❌ Wage garnishments – The IRS forces your employer to deduct a percentage of your wages.
❌ Bank levies – The IRS freezes and seizes funds from your accounts.
❌ Asset seizure – The IRS can take homes, vehicles, and business assets to satisfy your debt.

📌 To prevent these consequences, you must take immediate action!

How to Reinstate Your IRS Repayment Plan After CP523

✅ Make a Payment Immediately – If you can afford to catch up on your missed payment, doing so may allow you to reinstate your repayment plan without further consequences.

✅ Negotiate a Lower Monthly Payment – If your financial situation has changed, the IRS may allow you to adjust your payment amount to something more manageable.

✅ Submit a CAP Appeal – If you disagree with the termination of your installment agreement, you can file a Collection Appeals Program (CAP) appeal within 30 days.

✅ Request an Offer in Compromise (OIC) – If your tax debt is overwhelming, you may qualify for an OIC settlement, allowing you to pay less than what you owe.

✅ Declare Financial Hardship – If paying your debt would cause severe financial difficulty, you may qualify for a Currently Not Collectible (CNC) status, which temporarily stops IRS collection actions.

At Tactical Tax Group, we analyze your situation and work directly with the IRS to help reinstate your repayment plan and avoid IRS enforcement actions.

🚨 Time is critical—delaying action will result in collection enforcement! 🚨

How to Submit a CAP Appeal After CP523

If your repayment plan has been terminated, you still have one last opportunity to reverse the decision by filing a Collection Appeals Program (CAP) appeal.

📌 Important CAP Appeal Rules:

• You must submit the appeal within 30 days from the date listed on CP523 (not the date you received it).

• A successful appeal may allow you to reinstate your payment plan and stop collection actions.

• You must provide supporting documentation explaining why your agreement should be reinstated.

📌 Filing an appeal does not guarantee approval, but it can delay IRS enforcement actions while your case is reviewed.

🚀 Tactical Tax Group can guide you through the appeals process and improve your chances of reinstating your agreement.

What Happens If You Ignore CP523?

If you fail to act after receiving CP523, the IRS WILL take aggressive collection actions:

❌ Tax Liens – Damage your credit score and prevent asset sales or refinancing.
❌ Wage Garnishments – Reduce your paycheck significantly.
❌ Bank Levies – The IRS can freeze and seize your bank funds.
❌ Asset Seizures – The IRS can take property, including vehicles, real estate, and business assets.

🚨 Ignoring CP523 will only make things worse. Contact Tactical Tax Group immediately for help! 🚨

How Tactical Tax Group Can Help You Prevent 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.
🔹 Repayment Plan Reinstatement – We help you restore your installment agreement before collection actions begin.
🔹 Appeal Assistance – If your repayment plan was wrongfully terminated, we handle the appeals process.
🔹 IRS Negotiation & Settlement Solutions – We determine if you qualify for lower monthly payments, an Offer in Compromise, or penalty relief.

🚨 Don’t wait—your 30-day deadline is counting down! Tactical Tax Group can help protect your assets and resolve your tax debt today. 🚨

Take Action Now – Prevent IRS Collection Actions!

Ignoring CP523 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!