IRS Notice CP504 in Texas | Notice of Intent to Levy Assets

A Final Notice Before
Collection Actions

Receiving an IRS Notice CP504 is a serious matter. Unlike earlier notices, this IRS letter signals the government’s intent to initiate a levy on your assets if the debt remains unresolved. The CP504 notice is often called the “Final Notice of Intent to Levy,” meaning it is the IRS’s final step before potential enforcement actions, such as wage garnishment or bank account levies. The Law Offices of Nick Nemeth specializes in helping Dallas taxpayers navigate complex IRS issues, including appeals for notices like the CP504, offering vital support to resolve tax debts efficiently.

Details Included in an IRS CP504 Notice

The CP504 notice contains essential information, including:

Balance Due: The amount owed, with accumulated interest and penalties.
Intent to Levy Statement: A warning that the IRS may levy your assets if the balance remains unpaid.
Due Date: The deadline by which payment must be made to avoid further action.
Next Steps if Ignored: Details about how the IRS may proceed, including asset seizures or liens.

FREE CASE EVALUATION & CONSULTATION

Understanding each part of the CP504 IRS notice is critical, as this notice is a final call to action. The Law Offices of Nick Nemeth can help you interpret your CP504 notice and determine your next steps.

Why the IRS Issues Notice CP504

The IRS sends Notice CP504 after initial reminders, such as CP501 and CP503, remain unpaid. The CP504 notice is intended to give taxpayers one last chance to settle their debt before enforced collections begin. Ignoring this IRS notice can lead to significant financial strain, and it may affect your credit report if a lien is filed against your property.

Consequences of Ignoring IRS Notice CP504

Failing to respond to a CP504 notice can lead to severe enforcement actions, such as:

Wage Garnishment: The IRS may garnish a portion of your wages.
Bank Account Levies: The IRS could place a hold on your bank accounts.
Property Liens: The IRS may file a lien on your property, impacting your credit and ability to sell.

These consequences can be financially devastating. Consulting with an IRS tax attorney in Dallas, such as those at The Law Offices of Nick Nemeth, can be crucial in protecting your assets and navigating an IRS tax appeal if needed.

Options for Addressing IRS Notice CP504

If you’ve received a CP504 notice, there are several potential actions you can take:

Pay the Balance Due: Full payment is the quickest way to prevent enforcement actions.
Arrange an Installment Agreement: The IRS may allow monthly payments if you cannot pay the full amount at once.

1. Offer in Compromise: Under specific conditions, the IRS may accept a reduced payment to settle your debt.
2. File an IRS Tax Appeal: If you disagree with the CP504 notice, filing an appeal may prevent collection actions while your case is reviewed.

Each option has specific requirements and implications. The Law Offices of Nick Nemeth provides tailored support, helping Dallas taxpayers evaluate the best course of action based on their circumstances.

Turn Your IRS Notices into a Thing of the
Past with Us!

Don't let IRS notices cast a shadow over your life. It's time to step into the light and regain control by effectively addressing your IRS tax issues. To learn how we can guide you through this process, reach out to The Law Offices of Nick Nemeth for a FREE no-obligation consultation. We're dedicated to helping you transform your IRS notices from a source of worry into a resolved matter.

Understanding the IRS Appeals Process

If you believe there’s an error in your CP504 notice, or if you have reasonable grounds for appeal, you can file an IRS tax appeal. Here’s an overview of the IRS appeals process:

Filing an Appeal: To start, you’ll need to file a formal appeal explaining your reasons for disputing the CP504 IRS notice.
Review by IRS Appeals Officer: An impartial appeals officer reviews your case and may request additional documentation.
Outcome and Next Steps: The IRS appeals office may approve, modify, or deny your appeal, potentially providing additional options for resolving your debt.

Filing an appeal can be complex, especially under the time pressure of a CP504 notice. A qualified tax attorney from The Law Offices of Nick Nemeth can help manage the appeals process, providing peace of mind and skilled representation.

Common IRS Problems Associated with CP504

Several IRS issues commonly accompany CP504 notices:

Unfiled Tax Returns: Missing filings may have contributed to your tax debt, leading to estimated tax balances.
Penalty and Interest Disputes: Many taxpayers are uncertain about how penalties and interest are calculated, leading to confusion about their actual debt.
Difficulty Navigating IRS Notices: With multiple notices, some taxpayers find it challenging to understand the severity of a CP504 notice and take timely action.

The Law Offices of Nick Nemeth in Dallas specializes in IRS notices and can help you resolve these tax-related issues before they escalate.

How a Tax Attorney in Dallas Can Help with IRS Notice CP504

Engaging an experienced tax attorney in Dallas to help with a CP504 notice can be a crucial step. Here’s how The Law Offices of Nick Nemeth can assist:

Interpreting Your Notice: We ensure you fully understand the CP504 notice, including your payment obligations and available options.
IRS Communication: As your representative, we handle communication with the IRS, reducing your stress and ensuring your rights are protected.

Negotiating Payment Arrangements: For those who cannot pay in full, we negotiate favorable terms on your behalf, helping you avoid levies and liens.
Guidance Through IRS Tax Appeals: If an appeal is warranted, our firm provides full support throughout the process, working to resolve your IRS issues effectively.

Ignoring IRS letters like the CP504 can lead to financial and legal complications. The Law Offices of Nick Nemeth provides expert legal assistance for Dallas residents, helping you address IRS tax problems confidently.

Let Us Own Your IRS Tax Worries!

Stop spending sleepless nights, wondering what might happen next. It is time to take action and reclaim your future by resolving your IRS tax debt problem for good. To learn more about how we can help, get in touch with The Law Offices of Nick Nemeth for a FREE no-obligation consultation.

Take Action on Your IRS CP504 Notice Today

If you’ve received a CP504 IRS notice, swift action is essential. Early intervention can prevent enforced collection measures, protecting your financial health. Contact The Law Offices of Nick Nemeth today to discuss your CP504 notice with a qualified tax attorney in Dallas. Let us help you manage your IRS tax appeal, avoid potential asset seizures, and resolve your IRS problems with efficiency and care.

Received an IRS Notice?

Don’t worry, but act immediately to avoid getting into deeper trouble. Get in touch with the IRS Attorneys at The Law Offices of Nick Nemeth for a No-Obligation Consultation. You can also call us at (972) 426 2991 or fill out a Free Case Evaluation Form.

Free Special Report

Brent Vahle

19:13 02 May 24

I called to see if they could help reduce some penalties and fees. The person I spoke with told me it might be counterproductive for them to take my case since their feels would likely equal the amount of penalty/interest abatement. I decided to pass on moving forward but was so happy to hear a legal team, or any business for that matter, who has that much integrity. I feel most others would likely try to take my money anyway. I hope I never have to go through this again, but if I do, I will definitely use the Law Offices of Nick Nemeth!

Jason Winkle

18:44 02 May 24

Jaime Flores was very friendly, professional, and knowledgeable. She gave me some very valuable information which helped guide me with a plan of action. The free consultation is very much appreciated.

Matthew Swigart

12:14 02 May 24

Great attorney who was able to provide quick and useful advice. Although my situation did not warrant their services, they still took the time to discuss solutions I could explore. I highly recommend visiting this office!

Tony Pantoja

12:57 09 Apr 24

Very professional and very knowledgeable, Jamie Flores was very straight forward and professional, a firm that doesn’t just take your money, Thanks

Carla Atwal

10:52 02 Apr 24

Nick was wonderful in guiding me with direction on some tax questions I had. He was concise, and to the point, and was happy to provide general info to me at no charge. I truly appreciate him and would highly recommend him.

Miguel Alvarado

15:56 25 Mar 24

By far the best attorneys I have ever worked with. They’re are very helpful and supportive from day one. They went above and beyond to make sure all my documents were submitted on time and gave updates as soon as they received them. I cannot name a single flaw in their work. Their team of assistants are very professional and seem to all be on the same page. I’ve made multiple phone calls and sent a ton of emails to their staff and they were able to help me all through the course of the case. I cannot express my gratitude enough for how excellent they handled my case.

Lucy Foy

06:55 19 Jan 24

My first appointment I had with, Tax Attorney Nick Nemeth, gave me such a sense of relief. He listened and gave me his professional advice, Mr Nemeth took my case. I was well kept updated, by phone calls and letters. That really impressed me and gave me so much confidence in them. The case went on for a couple of months. The day I received the call from one of his team members Kyle, informing me that the case was resolved and that I owed absolutely nothing to the IRS, I was overwhelmed with joy. I would recommend this law firm to anyone that needs help, with any tax issue. Thank you, to the Law Firm of Attorney Nick Nemeth and his team.

Bradley Runyon

20:17 13 Jan 24

I received a tax bill in the mail from the IRS last year in 2023. The fees and penalties I owed were something I myself could not afford. I reached out to Nick Nemeth's firm and received the best experience you could imagine. The team was professional, educational, and fast. If you have a tax issue with the IRS using another firm other than Nick Nemeth's would be an error in judgment. I would recommend their services above others.

Sue Hulseman

19:55 11 Jan 24

Working with Nick Nemeth and his team to resolve my debt with the IRS was the best decision I could have made. I felt such relief knowing I didn’t have to deal with the IRS myself. They did a wonderful job and were responsive to my questions and kept me abreast of my case. My outcome was exactly what I was hoping for. I strongly recommend using them if you have an issue to resolve with the IRS.

R G

20:53 21 Dec 23

I had an incompetent tax preparer, who also ignored several notices from the IRS, which in the end resulted in a lien on my property. I did not know what to do and an attorney friend recommended that I contact the Nick Nemeth Law Offices. I met with Jamie Flores and Ivan Nalbantov in December 2021 for a free consultation, and right away was impressed by their thorough examination of my paperwork and extensive knowledge of IRS tax laws. I felt not pressured and appreciated their advice and in the end decided that I would pursue resolving the issue by myself. I paid the IRS Civil Penalty and, as recommended also submitted a letter to the IRS requesting a refund and explaining what happened. I am glad to report that my persistence finally paid off. My case took two years to resolve and I finally received a full abatement/refund check from the IRS in December 2023. I could not have done this without the straightforward recommendation of Jamie and Ivan; and I highly recommend the Nick Nemeth Law Offices to anyone needing help with the IRS.

Susan Wilson

03:27 25 Jan 23

I have been very pleased with the solid counsel and guidance that Nick Nemeth has provided me regarding my tax issue. I found him to be honest and straightforward which I appreciated. I was impressed with his relevant experience and knowledge . He has definitely brought me peace of mind during a difficult and stressful time.

Sarah Howard

03:44 14 Nov 22

I would like to thank Mr. Nick and his staff for the superb help that I received from them. My IRS problem was resolved quickly and efficiently. It took 2 visits to convince me that I was over my head. I thought that I could call the IRS, appeal my tax notices and settle on a payment plan on my own. After many phone calls to the IRS, waiting sometimes more than 4 hours with no resolution to speak of, it proved to be extremely difficult and stressful. Revisiting Mr. Nick was a huge wake up call. My account was reviewed, and a payment plan was established with the IRS within a week. I will be forever grateful to the staff who worked on my case and especially to Lorna who listened to me vent while going through this painful process.

M W

00:33 07 Aug 22

I cannot say enough good things about Nick and his team. When I first met with Nick he was up front, honest, friendly and efficient. When I worked with one of his attorneys, Eric B, I was just as pleased. All of the staff there are nice and very helpful. I wish I hadn't waited so long to get help with my issue. Over 6yrs I tried getting through and getting anywhere with the IRS and hardly made any progress. I know this may not be the case for all, and even I thought it would take longer than it did, but 3mos and they had my situation straightened out. I still can't believe it. Thank you thank you THANK YOU for all that you did for me. This is a huge burden gone out of my life now thanks to you. If anyone needs help out there, I know you may not want to shell out more money to get their help but it may just save you in the long run.

Spoilly Girl

23:49 03 Aug 22

The Nemeth Law team is exceptional. They treat their clients like a family member who is in crisis. They want you to get the best possible outcome. I really appreciate everything that they did for me. Jake and Ashley had the greatest role in my case and it all turned out for the best for me. Thank you Nick and team for easing my fears and getting me through the long process. I'm truly grateful.

Eddie Walt

19:44 12 Jul 22

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A Final Notice Before
Collection Actions

Details Included in an IRS CP504 Notice