The short answer
No. The IRS says it can't levy most property with just a CP504. It must first send a formal notice of intent to levy and your right to a hearing, like an LT11 or Letter 1058. Still, respond to the CP504. It is the IRS's last reminder before that step.
Words to know
- CP504
- An IRS notice of intent to levy. It is a reminder before the IRS starts to levy.
- Notice of intent to levy
- An IRS notice that it plans to take your property. CP504 is one. LT11 and Letter 1058 give hearing rights.