Glossary

CP71B Notice

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The CP71B notice is an annual reminder sent by the IRS to taxpayers with an unpaid balance on their account. This notice details the total amount owed, including any penalties and interest, and encourages taxpayers to take action to resolve the balance.

Key points in CP71B:

The notice outlines the balance due, including accrued penalties and interest since the last notice.
It provides options for resolving the debt, such as paying in full or setting up an Installment Agreement.
Ignoring this notice could lead to further collection actions by the IRS.

Taxpayers should respond to CP71B promptly to avoid additional penalties and ensure compliance with IRS obligations.

Recommendation

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