Understanding IRS Notice CP14 and Your Installment Agreement Options

At Kamish & Associates, we understand how overwhelming it can feel to receive a notice from the IRS, especially one like Notice CP14, which indicates you have a balance due. If you recently received this letter, don’t panic. We’re here to help you understand your options and take the next steps toward resolution.

What Is IRS Notice CP14?

The CP14 notice is a formal communication from the IRS informing you that:

• You have an outstanding balance on your federal tax account.

• The IRS expects payment within 21 days of the date on the notice (or 10 days if the balance is over $100,000).

• If left unaddressed, penalties and interest will continue to accrue.

You should not ignore this notice. Timely action can help you avoid collection enforcement like liens or levies and minimize added penalties.

What Are Your Payment Options?

You have several options when it comes to resolving your balance due:

1. Pay in Full

If you’re able, the fastest and most cost-effective option is to pay the full amount due. You can pay:

• Online via IRS.gov

• By mail (using the attached payment voucher)

• Over the phone

2. Set Up an Installment Agreement (Payment Plan)

If paying in full isn’t possible right now, the IRS offers a streamlined Installment Agreement that can help you avoid more serious collection actions.

The $50,000 Threshold – Why It Matters

For individuals who owe less than $50,000, the IRS offers a simplified payment plan that:

• Does NOT require financial disclosure forms.

• Can often be set up online or through your tax advisor.

• Allows payments to be spread over up to 72 months (6 years).

• May allow for direct debit from your bank account to avoid future missed payments.

💡 Reminder: If your balance is under $50,000, you qualify for a streamlined installment agreement—no paperwork, no hassle.

For balances over $50,000, a more formal agreement is required, including detailed financial disclosure and IRS approval, which can delay the process.

Why Act Quickly?

• Interest and penalties continue to accrue until the balance is paid.

• Delays may trigger collection actions like wage garnishment or liens.

• Acting now preserves your access to the easiest resolution options.

Let Kamish & Associates Help

Navigating tax notices and negotiating with the IRS can be stressful. That’s why Kamish & Associates is here—to handle the heavy lifting for you. Whether you're ready to set up an installment agreement or need help understanding your options, we’ll work with you to create a personalized solution that fits your situation.

📞 Contact us today to review your notice and get started on a payment plan that keeps you compliant and stress-free.

Kamish & Associates, your trusted partner in proactive tax solutions.