What Taxpayers Should Know About the IRS CP71 Notice and How an Enrolled Agent Can Help
Steve Perry- The IRS CP71 Notice, titled “Annual Reminder of Balance Due,” alerts taxpayers annually about unpaid taxes including penalties and interest, without immediate collection action but with potential future enforcement. - Ignoring the CP71 can lead to escalated IRS collection actions such as liens or levies. - Steve Perry, an Enrolled Agent (EA) at Books, Taxes & More, specializes in IRS matters and helps taxpayers resolve outstanding tax debts. - He reviews the CP71 notice for accuracy, identifies possible errors or penalty abatements, and explains repayment options like installment agreements, Offers in Compromise, or Currently Not Collectible status. - Steve represents clients before the IRS, handling communications and paperwork to reduce stress and ensure compliance. - Addressing the CP71 promptly with professional help can prevent severe consequences and lead to favorable resolutions, providing taxpayers peace of mind. - For IRS or state Department of Revenue letters, contacting Steve Perry at Books, Taxes & More is recommended to manage tax issues effectively.