NOTICE CP501

An IRS CP501 notice is a reminder that you owe a balance on one of your tax accounts. You received this notice because we haven’t received your payment or a response to the previous notice requesting you pay this balance.

Reasons why it happened:

• You filed your tax return but didn’t pay the full amount of tax you owe.
• You didn’t file your tax return at all.
• You received an estimated tax bill and didn’t make all of your estimated payments.
• You owe interest or penalties on your taxes.

• The first thing you should do is read the notice carefully. It will tell you how much you owe, when your payment is due, and your payment options. If you can, pay the full amount you owe by the due date. If you can’t pay the full amount, you can set up a payment plan with the IRS.
• To set up a payment plan, you can call the IRS at the number on your notice or visit the IRS website. You will need to provide the IRS with some basic information, such as your Social Security number, tax year, and the amount you owe.
• If you disagree with the amount you owe, you can contact the IRS to discuss your options. You may be able to file a protest or appeal the amount you owe.

• Read the notice carefully. Make sure you understand how much you owe, when your payment is due, and your payment options.
• If you can, pay the full amount you owe by the due date. If you can’t pay the full amount, you can set up a payment plan with the IRS.
• If you disagree with the amount you owe, contact the IRS to discuss your options. You may be able to file a protest or appeal the amount you owe.
• Be organized and keep track of all of your communications with the IRS. This will help you resolve any issues quickly and easily.