The short answer
A CP504B is a notice of intent to levy under tax code section 6331(d), like the CP504. It says the IRS may seize property and file a lien if you don't pay right away. It also warns that the State Department may deny or revoke your passport for certain unpaid tax debts.
You can pay, apply for a plan, or ask for a Collection Appeals Program appeal before action is taken.
Words to know
- Collection Appeals Program (CAP)
- A way to appeal some collection actions before they happen, like a levy or lien.
- CP504
- An IRS notice of intent to levy. It is a reminder before the IRS starts to levy.
- Notice of intent to levy
- An IRS notice that it plans to take your property. CP504 is one. LT11 and Letter 1058 give hearing rights.