IRS Notice CP503 – Second Reminder About 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

  1. You did not pay the balance due on a tax return by the due date.
  2. The IRS sent notices about unpaid taxes you owe, but the IRS never received a response.

Your options to address IRS Notice CP503

  1. Make arrangements to pay.
  2. 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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