JMF CPA LLC

 

7800 Glenmore Drive

PO Box 1297

Powell, OH 43065

 

Phone: 614-408-3730

Fax:     614-408-3731

Cell:     740-972-0858

 

Email: jo@jmfcpallc.com

Website: www.jmfcpallc.com

December 2024

December 2024 Q and A

December 2024 Q and A

QUESTION:
I received a CP-501 notice from the IRS claiming I have a balance due, but I disagree. What should I do?


ANSWER:
Since the CP-501 notice is the first notice you will receive about a past due amount, you'll want to call the IRS immediately using the phone number provided.


But before you call, do your research and have all the information available to explain why you believe there is a mistake.


Although talking with the IRS may seem scary, don't ignore the notice. Interest and penalties may continue to be charged, and they have the right to place a lien on your property.


SUBSCRIBE

Enter your Name and Email address to get
the newsletter delivered to your inbox.

Please include name of person that directed you to my online newsletter so I can thank them personally.


CONTACT US

Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.

The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.