A CP501 IRS notice like the CP71 is usually one of the first written notices you will receive from the IRS regarding a balance due. If you have received a CP501 in the mail it is now time for you to take action and begin the process. The CP501 federal tax notice, will usually include the original balance that was due and the year it is from, and any interest or penalties that may have accrued since the original tax delinquency.
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