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Manjit Singh CPA P.C.
CERTIFIED PUBLIC ACCOUNTANTS
Tax planners not just tax preparers®
2841 Hartland Road, Suite 307
Falls Church, VA 22043
Phone: 703-280-5656
Fax: 703-280-5666
703-207-4502
Email: msingh@mscpa.us
Email: manny@manjitsinghcpa.com
Website: www.mscpa.us
December 2024
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.
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