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IRS notice CP503

IRS Notice CP503: second reminder, balance still due

By The Latchkey Daily Team, EditorsPublished Updated

A CP503 is the second reminder that a balance is unpaid; it is the last routine reminder before the IRS announces its intent to levy.

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What to do this week

  1. Set up a payment plan or pay today at irs.gov; the online agreement stops the escalation.
  2. If you cannot pay, call the number on the notice and ask about hardship (Currently Not Collectible) options.
  3. Confirm every return is filed; the IRS will not approve a plan until they are.

The notice number is printed in the top right corner of the letter. Match it before doing anything else; scammers mail fake IRS letters, and a real one can be confirmed at irs.gov/account, where the same balance will appear.

When to get help

  • The balance includes a year you did not file (a Substitute for Return).
  • You have received any letter mentioning a levy or lien.

Questions people ask

What does IRS CP503 mean?
A CP503 is the second reminder that a balance is unpaid; it is the last routine reminder before the IRS announces its intent to levy.
What is the deadline on CP503?
Respond by the date on the notice, usually about 10 days.
What happens if I ignore CP503?
The next notice is CP504, intent to levy, and the IRS may file a federal tax lien.

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