Notice CP503

Department of the Treasury Tax year 2016

Internal Revenue Service Notice date January 30, 2017
Holtsville, NY 11742-0480 Social security number NNN-NN-NNNN
To contact us 1-800-829-0922
Your caller ID NNNN
Page 1 of 6
s018999546711s
JAMES & KAREN Q. HINDS
22 BOULDER STREET
HANSON, CT 00000-7253

Second reminder: You have unpaid taxes for 2016

Amount due: $9,533.53
As we notified you before, our records Billing Summary
show you have unpaid taxes for the tax
year ended December 31, 2016 (Form Amount you owed $9,444.07
1040A). If you don’t pay $9,533,53 by Failure-to-pay penalty 34.98
February 20, 2017, the amount of Interest charges 54.48
interest will increase and additional Amount due by February 20, 2017 $9,533.53
penalties may apply.

If you already have an installment or

payment agreement in place for this
tax year, then continue with that
agreement.

What you need to do immediately If you agree with the amount due and you’re not working with an
IRS representative
• Pay the amount due of $9,533.53 by February 20, 2017, to avoid
additional interest and applicable penalty charges.
• Pay online or mail a check or money order with the attached payment
stub. You can pay online now at www.irs.gov/payments.
Continued on back…

James Q. Hinds Notice CP503

22 Boulder Street Notice date January 30, 2017
Hanson, CT 00000-7253 Social security number NNN-NN-NNNN

• Make your check or money order payable to the United States Treasury.
Payment • Write your social security number (NNN-NN-NNNN), the tax year (2016), and form number
(1040A) on your payment.

INTERNAL REVENUE SERVICE • Amount due by

CINCINNATI, OH 4599-0149 February 20, 2017 $9,533.53
s018999546711s

    

 Notice CP503
Tax year 2016
Notice date January 30, 2017
Social security number NNN-NN-NNNN
Page 2 of 6

What you need to do immediately – continued If you agree with the amount due and you’re not working with an IRS
representative – continued

If we notified you that we suspended enforced collection on your

account because it would create a financial hardship (meaning you
would be unable to pay basic reasonable living expenses if we levied)
and your financial condition has not changed, you don’t need to do
anything.

If you disagree with the amount due

Call us at 1-800-829-0922 to review your account with a representative.
Be sure to have your account information available when you call.

We’ll assume you agree with the information in this notice if we don’t
hear from you.
Payment options Pay now electronically
We offer free payment options to securely pay your tax bill directly from
your checking or savings account. When you pay online or from your
mobile device, you can:
• Receive instant confirmation of your payment
• Schedule payments in advance
• Modify or cancel a payment before the due date

You can also pay by debit or credit card for a small fee. To see all of our
payment options, visit www.irs.gov/payments.

Payment plans
If you can’t pay the full amount you owe, pay as much as you can now
and make arrangements to pay your remaining balance. Visit
www.irs.gov/paymentplan for more information on installment
agreements and online payment agreements. You can also call us at 1-
800-829-0922 to discuss your options.

Offer in Compromise
An offer in compromise allows you to settle your tax debt for less than
the full amount you owe. If we accept your offer, you can pay with either
a lump sum cash payment plan or periodic payment plan. To see if you
qualify, use the Offer in Compromise Pre-Qualifier tool on our website.
For more information, visit www.irs.gov/offers.

Back of payment stub

 Notice CP503
Tax year 2016
Notice date January 30, 2017
Social security number NNN-NN-NNNN
Page 3 of 6

Payment options - continued Account balance and payment history

For information on how to obtain your current account balance or
payment history, go to www.irs.gov/balancedue.

If you already paid your balance in full within the past 21 days or made
payment arrangements, please disregard this notice.

If you think we made a mistake, call 1-800-829-0922 to review your

account.

If we don’t hear from you Pay $9,533.53 by February 20, 2017, to avoid additional interest and
applicable penalty charges.

We may file a Notice of Federal Tax Lien against you. A tax lien
generally attaches to all property you currently own and will attach to all
property you acquire in the future. The Notice of Federal Tax Lien is a
public record, and it can damage your credit or make it difficult for you
to get credit (such as a loan or credit card).

Penalties We are required by law to charge any applicable penalties.

Failure-to-pay Description Amount
Total failure-to-pay $34.98

We assess a 1/2% monthly penalty for not paying the tax you owe by
the due date. We base the monthly penalty for paying late on the net
unpaid tax at the beginning of each penalty month following the
payment due date for that tax. This penalty applies even if you filed the
return on time.

We charge the penalty for each month or part of a month the payment is
late; however, the penalty can't be more than 25% in total.

• The due date for payment of the tax shown on a return generally is
the return due date, without regard to extensions.
• The due date for paying increases in tax is within 21 days of the
date of our notice demanding payment (10 business days if the
amount in the notice is $100,000 or more).

If we issue a Notice of Intent to Levy and you don't pay the balance due
within 10 days of the date of the notice, the penalty for paying late
increases to 1% per month.
 Notice CP503
Tax year 2016
Notice date January 30, 2017
Social security number NNN-NN-NNNN
Page 4 of 6

Failure-to-pay – continued For individuals who filed on time, the penalty decreases to 1/4% per
month while an approved installment agreement with the IRS is in effect
for payment of that tax.

(Internal Revenue Code Section 6651)

For a detailed calculation of your penalty charges, call 1-800-829-0922.

Removal of penalties due to If you were penalized based on written advice from the IRS, we will
erroneous written advice from the remove the penalty if you meet the following criteria:
IRS • If you sent a written request to the IRS for written advice on a specific
issue
• You gave us complete and accurate information
• You received written advice from us
• You reasonably relied on our written advice and were penalized
based on that advice
To request removal of penalties based on erroneous written advice from
us, submit a completed Claim for Refund and Request for Abatement
(Form 843) to the IRS service center where you filed your tax return.
For a copy of the form or to find your IRS service center, go to
www.irs.gov or call 1-800-829-0922.

Removal or reduction of penalties We understand that circumstances—such as serious illness or injury, a

family member’s death, or loss of financial records due to natural
disaster—may make it difficult for you to meet your taxpayer
responsibility in a timely manner.
If you would like us to consider removing or reducing any of your
penalty charges, please do the following:
• Identify which penalty charges you would like us to remove or reduce
(e.g., 2005 late filing penalty).
• For each penalty charge, explain why you believe removal or
reduction is appropriate.
• Sign your statement, and mail it to us along with any supporting
documents.
We will review your statement and let you know whether we accept your
explanation as reasonable cause to reduce or remove the penalty
charge(s).
 Notice CP503
Tax year 2016
Notice date January 30, 2017
Social security number NNN-NN-NNNN
Page 5 of 6

Interest We are required by law to charge interest when you do not pay your
liability on time. Generally, we calculate interest from the due date of
your return (regardless of extensions) until you pay the amount you owe
in full, including accrued interest and any penalty charges. Interest on
some penalties accrues from the date we notify you of the penalty until
it is paid in full. Interest on other penalties, such as failure to file a tax
return, starts from the due date or extended due date of the return.
Interest rates are variable and may change quarterly. (Internal Revenue
Code Section 6601)

Description Amount
Total interest $54.48

The table below shows the rates used to calculate the interest on your
unpaid amount due. For a detailed calculation of your interest, call 1-
800-829-0922.

Period Interest rate

October 1, 2016 – December 31, 2016 3%
Beginning January 1, 2017 3%

Additional information • Visit www.irs.gov/cp503.

• You may find the following publications helpful:
− Publication 1, Your Rights as a Taxpayer
− Publication 594, The Collection Process
• For tax forms, instructions, and publications, visit www.irs.gov or call
1-800-TAX-FORM (1-800-829-3676).
• Paying online is convenient, secure, and ensures timely receipt of
your payment. To pay your taxes online or for more information, go to
www.irs.gov/payments.
• You can contact us by mail at the following address. Be sure to
include your social security number and the tax year and form number
you are writing about.
Internal Revenue Service
P.O. Box 249
Memphis, TN 38101-0249
• Keep this notice for your records.
 Notice CP503
Tax year 2016
Notice date January 30, 2017
Social security number NNN-NN-NNNN
Page 6 of 6

Additional information - continued We’re required to send a copy of this notice to both you and your
spouse. Each copy contains the same information about your joint
account. Please note: Only pay the amount due once.

If you need assistance, please don’t hesitate to contact us.

Taxpayer Advocate Service

The Taxpayer Advocate Service (TAS) is an independent organization
within the IRS that can help protect your taxpayer rights. TAS can offer
you help if your tax problem is causing a hardship, or you’ve tried but
haven’t been able to resolve your problem with the IRS. If you qualify for
TAS assistance, which is always free, TAS will do everything possible to
help you. Visit www.taxpayeradvocate.irs.gov or call 1-877-777-4778.