IRS Letter CP14
Why are you receiving this letter?
You received IRS letter CP14 because a tax return was filed with a tax balance owed. This is the first letter in a series of letters you will receive regarding unpaid tax balances.
This Notice is only for the tax year listed on the Notice. On our Notice example, the letter refers taxes due for tax year 2007. The IRS will provide a separate letter for each tax year with a tax balance.
- You can pay in full online at www/irs.gov/payment.
- You owe less than $10,000 and would like to set up an installment agreement. You can call the number on the top right hand corner of your IRS letter and the IRS will give you up to 72 months to pay back the taxes.
- Your tax balance is less than $25,000.
- You don’t have unfiled tax returns.
- You are unable to pay back the taxes in full.
- You would like to discuss this with someone not working for the IRS to understand what is going on and the options you have.
- Your tax balance is greater than $25,000.
- You have unfiled tax returns.
- You are unable to pay back the taxes in full.
- You would like to negotiate down the tax balances.
What should you do?
Read your notice carefully. The Notice explains amount of taxes owed, tax year, and tax form. On our Notice example, the balance due is for 2007 tax year and Form 1040. Compare the taxes reported on the Notice to your tax return. Confirm that the IRS correctly processed your tax return and the taxes owed are correct.
What can you expect next?
IRS letter CP14 is considered a tax bill. The IRS asks that you pay the balance due in full. You do have options. If the tax bill is left unpaid, the IRS may move forward with filing Federal Tax Liens and/or Tax Levies on your wages, bank accounts, state & federal tax refunds, etc.