CP 503

In our office we call this a 60 day notice. It will follow the CP 501 letter. If you don’t open or ignore this letter it will be followed up in 30 days with the dreaded CP 504. It is hard to plead ignorance when the IRS makes at least three legitimate attempts to contact you. If you have stayed out of the system for a while they will only know your last known address and may send the letters to an address that you no longer live. Whatever you do, don’t ignore this letter. You will need all the time to prepare to file any back tax returns and prepare to enter into a settlement with the IRS. The more time you have the better you can be prepared to get the best settlement allowed by law. Contact our office as soon as you get this letter.