If you have received a CP523 notice, you have missed your installment payment, and your agreement is at risk of defaulting. If you are unable to pay the past due amount, the IRS will terminate your agreement and start their normal process of seizing your property or rights to property, depending on the amount of debt and the lifespan of the debt. It is very important that you respond as soon as possible to let the IRS you are seeking a resolution. If conditions have changed, perhaps your financial position has deteriorated or you have accrued new debt from newly filed returns, Accelerated Tax Solutions is here to help. We can put you in a protective agreement while we work on a new resolution that will meet your new circumstances.
Image of an IRS Notice CP523
Accelerated Tax Solutions Addresses Intent to Terminate IRS Plans
If you have received a CP523 notice, you have missed your installment payment, and your agreement is at risk of defaulting. If you are unable to pay the past due amount, the IRS will terminate your agreement and start their normal process of seizing your property or rights to property, depending on the amount of debt and the lifespan of the debt. It is very important that you respond as soon as possible to let the IRS you are seeking a resolution. If conditions have changed, perhaps your financial position has deteriorated or you have accrued new debt from newly filed returns, Accelerated Tax Solutions is here to help. We can put you in a protective agreement while we work on a new resolution that will meet your new circumstances.