CRITICAL: Immediate action required

LEVY RISK: This notice can lead to seizure of your bank accounts, wages, or other assets if left unresolved.

CP523

IRS Notice of Intent to Terminate Installment Agreement


30days

30 days from the notice date — this is a hard deadline.

What this notice means

The IRS intends to cancel your existing installment agreement because you missed a payment or otherwise violated the agreement terms. You have approximately 30 days from the notice date to cure the default before the IRS cancels the agreement and resumes collection enforcement.

What happens if you ignore this

The installment agreement is cancelled. All reinstated penalties are added back to your balance. The IRS can immediately proceed with wage garnishment and bank levy without any further warning.

What to do right now

1

Contact the IRS immediately — if you can make the missed payment, do it now

2

If you cannot pay, request a new installment agreement before the 30-day window closes

3

If your financial situation has changed significantly, request Currently Not Collectible status

4

You may request a Collection Due Process hearing within 30 days to halt collection and explore options

5

Do not wait — the 30-day window closes regardless of whether you open this letter

Programs that may help you

Installment Agreement ReinstatementCurrently Not CollectibleCollection Due Process Hearing

Find out exactly what you qualify for

Free assessment. We analyze your IRS data and tell you every program you qualify for, with real dollar estimates. No phone call required.

Start Free Assessment →

Takes 5 minutes. No credit card.