What This Notice Means
You owe the IRS money on one of your tax accounts, and you recently received correspondence from the IRS about your payment plan. The CP14IA ties the two together: it reminds you of the balance and what you need to do to keep or finish the plan.
What to Do
- Follow your payment plan terms and make payments on time.
- Pay all your other required federal taxes on time and in full.
- Respond to any IRS request for more information needed to complete your plan.
Late or incomplete payments may result in the IRS canceling your payment plan and more interest and penalty charges.
Finishing Your Plan Request
Your plan may not be final yet. You may need to complete Form 433-F, Collection Information Statement, or file a missing return to finish the request. Do it. Until those items are in, your plan request isn't complete.
How to Avoid Default
- Pay at least your minimum monthly payment when it's due.
- File all required returns on time and pay all taxes in full and on time. If you can't, contact the IRS to change your agreement.
- Expect the IRS to apply future refunds to your tax debt until it's paid in full. Keep making scheduled payments even when a refund is applied.
- If you move, file Form 8822, Change of Address.
- Confirm your payment amount and date from your recent statement or confirmation letter.
- If you pay by check, mail it to the address in your correspondence and include your name, address, SSN, daytime phone number, tax year, and return type.
Interest, Penalties, and Fees
Interest and penalty charges keep accruing during the plan until the balance is paid in full. The IRS won't charge processing or administrative fees beyond what your plan already outlines. In some situations, penalties may be removed or reduced.
If you're facing financial hardship, the IRS may temporarily delay collection until your situation improves.
If you received a CP14IA notice and your payment plan is at risk, call us at (813) 229-7100.