IRS Notice CP503
Second Reminder, You Have Unpaid Taxes
Type of Notice: Unpaid balance
Most common tax problem area: IRS bill for unpaid taxes
Other tax problem areas: IRS penalties
Why you received IRS Notice CP503
- You did not pay the balance due on a tax return by the due date.
- The IRS sent notices about unpaid taxes you owe, but the IRS never received a response.
Your options to address IRS Notice CP503
- Make arrangements to pay
- Dispute the penalties
Notice deadline: 10 days
If you miss the deadline: Additional penalties and interest will accrue. The IRS may file a Notice of Federal Tax Lien against you. A tax lien can damage your credit or make it difficult for you to get credit.
Want more help?
See your local tax pro for a free consultation.
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So how much will you get (or owe) this year? That’s the million-dollar question. We happen to have three very useful calculators to help you estimate your refund or balance due.