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The CP71C notice is an annual reminder sent by the IRS to taxpayers with an unpaid balance on their account. This notice outlines the total amount owed, including any accrued penalties and interest, and encourages taxpayers to take action to resolve the balance.
Key points in CP71C:
- The notice specifies the total balance due and details how penalties and interest have accumulated since the last notice.
- It provides options for resolving the debt, such as paying in full, entering into an Installment Agreement, or negotiating payment terms.
- Ignoring this notice could result in additional enforcement actions, including liens or levies.
Taxpayers receiving CP71C should act promptly to address their unpaid balance and avoid further penalties.