IRS CP14 Notices Arriving in Taxpayers' Mailboxes Early June, Jackson Hewitt Encourages Taxpayers to Not Ignore
Retrieved on:
Monday, June 6, 2022
JERSEY CITY, N.J., June 6, 2022 /PRNewswire/ -- Despite the IRS pausing several notices and letters last year, many are still automatically issued to taxpayers and are standard to deal with, including CP14 notice, Balance Due for Unpaid Taxes, that millions of taxpayers will receive this month. The experts at Jackson Hewitt Tax Services® recommend taxpayers immediately open the notice to setup the required next steps. Not following the steps outlined in the notice can result in additional penalties and interest from the IRS.
Key Points:
- The experts at Jackson Hewitt Tax Services recommend taxpayers immediately open the notice to setup the required next steps.
- CP14 notices are required by law to be issued within 60 days after the IRS assesses the tax liability, notifying taxpayers they still owe the IRS money in unpaid taxes.
- Each CP14 notice clearly outlines what is owed, how to pay, and other basic information about the unpaid balance.
- The IRS may send a series of reminder notices, called the collection notice stream, to ask for payment before starting enforced collection.