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CP14 notice: you owe a balance

First IRS balance due notice

A CP14 is a notice that the IRS says you owe money on unpaid taxes. It is usually the first in a series of balance reminders.

What to do first

• Check the due date and amount. The IRS says to pay by the due date on the notice.
• Check it against your return. Make sure the amount matches what you filed and any payments you made.
• Pay, or set up a way to pay. Paying in full by the due date avoids more interest, according to the IRS.

Interest and penalties

Interest does not build if you pay in full by the date on the notice. After that date, interest builds on what is unpaid. A late payment penalty can also apply if you cannot pay the full amount.

If you cannot pay in full

• Apply online for a payment plan.
• Ask the IRS for a temporary delay in collection if paying would cause financial hardship.
• Call the number on your notice and explain your situation.

If you think the notice is wrong

Call the number in the help section of your notice, and have your records ready. Useful items include cancelled checks, proof of payment, or an amended return. You can also reply in writing with copies of your proof.

If you ignore it

The IRS keeps sending reminders, and collection can escalate. Later notices include CP503 and CP504. Acting on the first notice is the cheapest time to act.

Sources

• IRS: Understanding your CP14 notice

This guide is general information, not tax or legal advice. Your notice is the final word on your dates and amounts. If you are unsure, see when to get professional help.