Tag: CP40

Understanding IRS CP40:What it means and How an Enrolled Agent Can Help

Jun 20, 2025

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by

Steve Perry

in Tax Representation

– The IRS CP40 Notice indicates a taxpayer’s unpaid tax debt has been assigned to a private debt collection agency authorized by the IRS to handle lower-priority cases before the collection statute expires. – Private agencies cannot use IRS tools like liens, levies, or garnishments, and the notice means the IRS prioritizes other cases. -…