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.
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
- Your business has a balance due with the IRS.
- The IRS sent you several notices requesting payment but the balance was not paid.
- 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
- Make arrangements to pay
- Dispute the taxes
- 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.
Want more help?
See your local tax pro for a free consultation.
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