Glossary

CP40 Notice

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The CP40 notice is sent by the IRS to inform taxpayers about the status of their request for a payment plan. This notice outlines whether the request has been approved or denied, along with any relevant details regarding the terms of the plan.

Key points about CP40:

The notice specifies the monthly payment amount and due dates if the request is approved.
If denied, the notice explains the reasons for the denial and what steps the taxpayer can take to appeal the decision or reapply.
Taxpayers are encouraged to review the notice and contact the IRS if they have questions or need further assistance.

Receiving CP40 helps taxpayers understand their options for managing tax debt through structured payments.

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