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How To Pay A CP14 Notice Online | IRS Notices | Florida

Updated: Nov 11, 2020


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IRS Notice CP14: Money Owed on Unpaid Taxes – Tax Debt Owed

An IRS Notice CP14 indicates that you owe the IRS money. There is one of two reasons for a tax debt; you either missed a payment, or interest and penalties accrued on the outstanding amount. It's reasonable that this particular IRS collection letter will cause fear and anxiety. It is so important that you know you have the right to dispute what the IRS is claiming. The agency can error and miscalculate your original tax return but it is extremely difficult to get the IRS that they erred. Thus, you first step upon opening the IRS Notice CP14 is to review the letter with meticulousness. Read on for further information about CP14.

You Need to Review the the Details of the Notice CP14 The first thing to do when receiving Notice CP14 is to know why you received it. The notice includes the following:

  • The tax year for which taxes are due

  • The notice issue date

  • Your Social Security Number

  • IRS phone number

  • Tax amount owed

  • Payments and credits

  • Penalties charged on taxes owed

  • The final amount due to be paid

  • The deadline for paying the amount owed

It is imperative that you not only review the CP14 Notice but place your filed tax return side-by-side to compare the information. Review the original tax return to ensure you did not miss any deductions, credits, or income. If you did, then be sure to file an amended tax return. You do not want to make anymore tax mistakes that you may regret later.

If the notice is correct, then you have several options to pay. Other tax relief options include saving time and reducing penalties. Again, don’t ever panic. There are alternate means of handling the situation. Alternative Tax Relief Options

While it may seem your only option is to either pay the balance outright or dispute the information, the IRS does provide alternatives. The IRS will not tell you what these tax relief options are, but if they do, the agency will not explain how to get relief.

Submit an Offer in Compromise (IRS Settlement)

An Offer in Compromise (#IRSsettlement) allows a taxpayer to settle a tax debt in an amount that is much less than what is owed. This can be the very best option to drastically reduce the tax debt.

Not everyone is eligible for an Offer in Compromise. To find out if an Offer in Compromise is the right move for you, give our tax professionals a call. Our consultations take 20 to 30 minutes. By the time we are done, you will know.

Apply for More Time (Stalling Tactics)

While this is certainly case-by-case, you are allowed to ask for more time to pay the amount owed. This usually takes the form of filing an extension through the IRS, which can extend your second deadline up to 120 days. Our teams of IRS Tax Attorneys sometimes use an appeal or extension to buy time for various reasons. One is to buy time to run out the Statute of Limitations. Another use of this tactic is to buy time while we put to stop an IRS levy and put together the Offer in Compromise. Our tax pros never recommend a novice taxpayer try these tax relief tactics on their own.

Decrease the Amount Owed - Penalty Abatement

This is evermore apparent for the first-time penalty receiver. If you are looking for a way to reduce the amount in which you owe, then you can ask for a first-time penalty abatement. Obtaining a Penalty Abatement isn't as simple as contacting the IRS and asking for penalty relief. A taxpayer must write a one page letter requesting the abatement. The IRS only allows one request so it better be good the first time. A Reasonable Cause argument must be made. Understanding the best way to position yourself in this argument can be difficult. This is another area in which a tax professional can provide great value, as they will know how to present your "reasonable cause."

Do Not Ignore Your CP14

You should never ignore your CP14 notice. If you do ignore it, you may very well regret it. Failure to pay the withstanding amount will result in more fees and interest accrued, and can even land you in legal trouble. Tax debt, once it escalates, can become a criminal offense. At the very least, the IRS can step in and seize your wages (#IRSgarnishment), bank account (#IRSbanklevy), property, and taxable income (tax refunds).

Hire A Tax Professional

Even if you do not have the money to pay your tax debt outright, budgeting for a tax professional can save you money in the long run. They will know how to handle the situation, especially being that CP14 Notices are common. Additionally, an experienced "flat fee tax Attorney" can ensure that you amend your tax return, check on your IRS refund status, and guide you through all tax relief options available to you.

This article is brought to you by the tax professionals at Flat Fee Tax Relief. Our tax pros have provided valuable IRS tax debt help at a very affordable fee for more than a decade. We are strategically located in Clearwater, Florida, and San Diego, CA which allows our teams to be available to both clients and the IRS from 8 A.M. Eastern to 6 P.M. Pacific. This comes in handy when stopping an IRS levy in one day. FLAT FEE TAX RELIEF - FLAT FEE TAX SERVICE


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