Hello, please don’t judge. I received the CP 523 notice a couple months ago on a defaulted payment plan. However, I didn’t open it until recently. I understand that I should’ve opened a letter that said it was from the internal revenue service very quickly, but I cannot take back that action. Now I am worried about what to do since the balance is no longer showing up on my account online. Any advice or next steps is appreciated. This is the only communication I received and it was back in November.
For some context, I’ve had a significant reduction in income, and my taxes were based off of my higher income from the previous year, so I’ve been struggling to pay it back.
Any guidance on next steps is appreciated. Am I cooked or if I pay it back ASAP will I be OK?
Edit: this payment plan is from tax year 2024 and was started in April 2025.
Posted by haibaibear
1 Comment
Which tax year was covered by the Installment Agreement?