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Publication 3151 a Rev 2 the ABC's of Federal Tax Deposits Form

Publication 3151 a Rev 2 the ABC's of Federal Tax Deposits Form

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the IRS collection process generally begins with three initial notices seeking payment notices CP 501 503 and 504 if you don't respond to those notices the IRS may also send a letter 3172 notice a federal tax lien filing and your rights to a hearing under IRC 6320 this is a notice advising you that a public tax lien has been filed the tax lien filing advises the public and any other potential creditors that the IRS has a right to your property the tax lien doesn't affect your credit report but it's still damaging potential creditors can find the lien if they search which makes refinancing nearly impossible and if you sell properties such as a home proceeds from that sale should be sent to the IRS first The only positive is that this notice gives you 30 days to request a collection due process hearing

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