IRS Notice CP177 – Intent to Seize Your Assets and Notice of Your Right to a Hearing

The IRS intends to seize (levy) assets. The business has a right to appeal the levy.

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Type of Notice: Unpaid balance

Most common tax problem area: Unpaid business taxes

Other tax problem areas: Business tax penalties

Why you received IRS Notice CP177

  1. Your business has a balance due with the IRS.
  2. The IRS sent you several notices requesting payment but the balance was not paid.
  3. The IRS sent CP177 to notify you that if you do not pay the balance due in 30 days, or establish a payment arrangement, the IRS may levy (seize) your property. This notice also explains your right to appeal the proposed levy.

Your options to address IRS Notice CP177

    1. Make arrangements to pay
    2. Dispute the taxes
    3. Dispute the penalties

 

Notice deadline: 30 days

If you miss the deadline: The IRS can issue a levy against assets including bank accounts, business assets, accounts receivables and other property and rights to property. You will also lose your right to a Collection Due Process hearing before the IRS Office of Appeals.

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