Plain-English translation of this IRS notice — what it means, what happens if you ignore it, and exactly what to do.
What the IRS says
Final Notice of Intent to Levy for business taxpayers — the IRS may seize business assets.
What it actually means
In plain English: The business equivalent of CP504. Final warning before the IRS can levy business bank accounts, receivables, or property. Same 30-day hearing right applies.
Deadlines
30 days from the notice date to request a Collection Due Process hearing (Form 12153).
What to do
Act immediately — do not let the 30 days lapse.
File Form 12153 to preserve your right to appeal.
Resolve the balance: pay, payment plan, or currently-not-collectible.
Get professional help; business levies can freeze operating accounts.
Key facts
Deadline
30 days — hearing request
Form
12153
Applies to
Business tax accounts
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Informational only — not tax or legal advice. Verify everything at irs.gov or with a qualified professional.