CP Notice

Page 1 of 3

Department of the Treasury
Internal Revenue Service
P.O. Box 219236
Kansas City, MO 64999

For your reference
Notice name CP14IA Notice date
02/10/2020
Tax year
2018
Your caller ID 105437
Your SSN
555-55-5555

1
JASPER BEAR
100 M STREET BOSTON MA
20252

Congratulations on setting up a payment plan! Research has shown that this is one of the most effective
ways to pay off your existing tax debt.
All you need to do now is:
•
•
•

Continue making your monthly payments.
Fully pay all of your other required federal taxes on time.
Follow the other terms specified in your payment plan.

Scan here to review or
change your payment

To make changes to your payment plan, please use the Online Payment Agreement tool at
www.irs.gov/payments/online-payment-agreement-application. This online tool is available 24 hours a day and
is the quickest way to adjust your plan.
Interest and penalty charges will continue to accrue. If you want to eliminate or reduce future charges, you can:
• Fully pay your remaining balance at any time using the Online Account tool at
www.irs.gov/payments/view-your-tax-account.
• Pay more than the minimum amount due each month.
You are required to make your monthly payments on time. Late or incomplete payments may result in the
termination of your payment plan and additional interest and penalty charges.
Below is a summary of your account balance as of [date]. Any payments made within two weeks of this
date may not be included in this summary. You can view your balance information and payment history of your
account by scanning the QR code below or by visiting www.irs.gov/payments/view-your-tax-account.

Account summary (transactions after [date] may not be reflected)
Tax you owed when you filed your return
Total penalties (see page 2 or 3 for more information)
Total interest (see page 3 for more information)

$15,040.00
$1,202.17
$263.91

Total payments and credits

-$9,358.00

Net balance owed as of [date]

$7,148.08

Scan here to view your
online account

The remaining two pages of this notice provide further information about your rights, sources for assistance, and
applicable interest and penalty charges.

Notice: CP14-IA

Tax year: 2013

SSN: 555-55-5555

Notice date: 4/18/2016

Page 2 of 3

IRS Help

If you can’t find what you need online, and you still have questions not addressed
in this notice, contact the IRS at 1-800-829-0922.

Taxpayer Rights and
Sources for Assistance

For more information about this notice, visit www.irs.gov/CP14IA.
The IRS abides by the Taxpayer Bill of Rights (TBOR). IRS employees are responsible for being familiar
with and acting in accord with taxpayer rights. See IRC Section 7803(a)(3) and, for additional
information about the Taxpayer Bill of Rights, please visit the TBOR website:
www.irs.gov/taxpayer-bill-of-rights.

Scan here to view the
Taxpayer Advocate
Website

The Taxpayer Advocate Service (TAS) is an independent organization within the IRS that can help
protect your taxpayer rights. TAS can offer you help if your tax problem is causing a hardship, or
you've tried but haven't been able to resolve your problem with the IRS. If you qualify for TAS
assistance, which is always free, TAS will do everything possible to help you. Visit
www.taxpayeradvocate.irs.gov or call 877-777-4778.
Assistance can be obtained from individuals and organizations that are independent from the IRS. IRS
Publication 4134 provides a listing of Low Income Taxpayer Clinics (LITCs) and is available at
www.irs.gov. Also, see the LITC page at www.taxpayeradvocate.irs.gov/litcmap. Assistance may also
be available from a referral system operated by a state bar association, a state or local society of
accountants or enrolled agents, or another nonprofit tax professional organization. The decision to
obtain assistance from any of these individuals and organizations will not result in the IRS giving
preferential treatment in the handling of the issue, dispute or problem. You don’t need to seek
assistance to contact us. We will be pleased to deal with you directly and help you resolve your
situation.

Penalties

We are required by law to charge applicable penalties. However, in select situations, we may
be able to remove or reduce penalties. Visit www.irs.gov/penalties to learn more.

Penalty

Description

Action Date

Months
Late

Unpaid Amount

Monthly Rate

Failure to file
(Internal Revenue
Code Section
6651(a)(1))

We assess a penalty for filing your
return late for each month or part
of a month the return is late, up
to 25% of the amount required to
be shown on the return.

01/15/2020

03

$5,682.00

4.5%

$767.07

Failure to pay
(Internal Revenue
Code Section
6651(a)(2))

We assess a penalty for each
02/15/2020
month or part of a month you don’t
pay the tax you owe by the due
date and afterward, up to 25% of
the unpaid tax shown on the
return.

10

$5,682.00

0.5%

$284.10

Total monthly penalties

Amount

$1,051.17

Notice: CP14-IA

Tax year: 2013

Notice date: 4/18/2016

SSN: 555-55-5555

Page 3 of 3

Penalty

Description

Period

Days

Interest
Rate

Interest
Factor

Failure to pay
proper estimated
tax
(Internal Revenue
Code Section 6654)

When you don’t pay enough
taxes due for the year with
your quarterly estimated tax
payments, we charge a
penalty for not properly
estimating your tax.

N/A

N/A

N/A

N/A

Total penalties (monthly + daily)

Period
04/15/2019 – 06/30/2019
06/30/2019 – 10/15/2019
10/15/2019 – 12/31/2019
12/31/2019 – 02/10/2020
Total interest

N/A

Amount
$151.00

$151.00

Total daily penalties

Interest (Internal Revenue Code
Section 6601)

Amount
Due

$1,202.17

We are required by law to charge interest when you don’t pay your liability on time. Unlike
penalties, we cannot reduce or remove interest due to reasonable cause. Interest accumulates
daily, so the longer you wait to pay, the more interest we add to your account. Vist
www.irs.gov/interest for more information.
Days
76
107
77
41

Interest
rate
6.0%
5.0%
5.0%
5.0%

Interest factor
0.012570476
0.014764464
0.010603041
0.005616424

Amount
due
$5,682.00
$5,753.43
$6,605.45
$6,675.49

Interest charge
$71.43
$84.95
$70.04
$37.49
$263.91