IRS Notice CP504B: Business notice of intent to levy
Quick answerThe business version of CP504: the IRS intends to levy business assets, such as bank accounts and receivables, to collect unpaid tax.
Letter / noticeCP504B
MeaningBusiness notice of intent to levy
Action needed?Yes — see steps
What happens next
Collection can escalate quickly if you don't act.
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What you should do
- Pay the balance or set up an installment agreement
- Call the number on the notice
Scam check: the IRS first contacts you by mail. Use only the phone numbers printed on your letter or on IRS.gov — never ones from a text, email or unofficial site.
Frequently asked questions
What does IRS Notice CP504B mean?
The business version of CP504: the IRS intends to levy business assets, such as bank accounts and receivables, to collect unpaid tax.
What should I do?
Pay the balance or set up an installment agreement Call the number on the notice
How long does it take?
Collection can escalate quickly if you don't act.
Sources
- IRS: Understanding your IRS notice or letter
- IRS: Get Transcript
- Taxpayer Advocate Service (independent help inside the IRS)
Written by the editorial team and checked against the official sources above. See our editorial policy.
By the TranscriptCodes Editorial Team · Last reviewed 2026-11-12.