IRS Notice CP-22A is mailed out to individuals to inform them of an outstanding debt to the IRS. This notice is mailed out to individuals when the IRS makes an update to the U.S. Tax Return and the updates result in them owing five dollars or more to the IRS. CP 22A outlines the changes made to the tax return and requests payment of the newly figured tax debt. This guide will clarify what you should do to avoid or take care of Tax Debt troubles when you get CP-22A in the mail.
But What if I Made Sure to File on Time?
It is hard for taxpayers to swallow Notice CP 22A from the Internal Revenue Service. Besides, you filed and probably paid on time, and it isn't fair that the IRS all of a sudden claims that you owe a debt to them. But if you made errors that the IRS had to amend, there might not be anything you can do but work with the IRS to repay the Tax Debt. Nevertheless, don't accept what the IRS claims straight away. It may be that you don't owe any Tax Debt after all.
When Do I Have to Pay My Tax Debt?
The IRS would like you to send in your payment for the Tax Debt specified in the IRS notice as soon as you receive it. If you don't have any way to pay back the Tax Debt or do not know what to do from here, you should get an IRS tax debt expert to represent your case. It is of utmost importance to work with a tax expert or IRS tax debt resolution company if you feel you should not owe the IRS money.
What Actions Should I Take When I Get IRS Notice CP22A?
The IRS would like. The IRS Notice will come with a payment envelope so you can satisfy the amount owed . You could try to contact the IRS from here if you cannot pay, but they will want you to repay your tax debt in full. must quickly decide if you will seek expert guidance or pay the IRS because the IRS will make your life misery if you don't make a decision fast.
What Will Happen if I Choose Not to Pay the IRS?
The IRS will place a Tax Lien if you elect to ignore your Tax Debt obligations. A Tax Lien is the supreme weapon the IRS has in its arsenal. It grants the IRS a legal claim to your property to ensure you will pay back what you owe to them. You will be unable to sell your vehicle or refinance your house, and none of your valuable assets will be completely protected from IRS seizure as long as you owe them. On top of that, if a Tax Lien is enforced, you can't do anything that involves credit. Your life as you have come to know it will make a turn for the worse. If you want to avoid an IRS tax lien, it's of great importance to act fast when you get CP-22A in the mail.
Final Notes on Notice CP22A from the IRS
The thing with IRS Notice CP22A is that it's delivered to people who for the most part did not anticipate owing the IRS. You may not have put aside cash to cover your taxes with when you receive IRS Notice CP 22A in the mail. A Tax Debt Relief expert can aid you by getting you into an IRS payment agreement, an IRS Settlement agreement, a temporary relief from collection actions (Currently Non Collectible Status), or even finding a loophole that removes tax debt in full. It's a good idea to simply refer to a tax debt resolution professional and find out what your choices are. Sometimes, all you need is to be pointed in the correct direction to handle your tax debt situations.