IRS Letter CP60
Why are you receiving this letter?
You received IRS letter CP60 because the IRS erroneously applied a payment to your account. The IRS has now corrected the error.
EasyYou agree with the change
- If you owe less than $10,000 and would like to set up an installment agreement, you can call the number on the top right hand corner of your IRS letter and the IRS will give you up to 72 months to pay back the taxes.
- No further action is required if you already have an arrangement with the IRS.
- You can pay in full online at www/irs.gov/payment.
Medium You don’t agree with the changes, but owe less than $25,000
- Your tax balance is less than $25,000.
- You don’t have unfiled tax returns.
- You are unable to pay back the taxes in full.
- You would like to discuss this with someone not working for the IRS to understand what is going on and the options you have.
Serious You don’t agree with the changes and owe more than $25,000
- Your tax balance is greater than $25,000.
- You have unfiled tax returns.
- You are unable to pay back the taxes in full.
- You would like to negotiate down the tax balances.
What you should do?
Read your notice carefully. It provides the amount of the payment removed.
If you disagree, mail the IRS a copy of the proof of payment.
If you agree, there is nothing to do. However, you have a balance due and owing to the IRS.
What can you expect next?
IRS letter CP60 is considered a tax bill. The IRS asks that you pay the balance due in full. You do have options, but if the tax bill is left unpaid, the IRS may move forward with filing Federal Tax Liens and/or Tax Levies on your wages, bank accounts, state & federal tax refunds, etc.