The amount of time that the IRS demands from a taxpayer in a demand letter can vary depending on the specific situation. In general, the IRS will provide a deadline for the taxpayer to respond or take action to resolve a tax issue. This deadline is typically 30 days from the date of the demand letter.
If the taxpayer does not respond or take appropriate action within the given deadline, the IRS may take further action, such as initiating collection proceedings or filing a tax lien. It is important for taxpayers to carefully review the demand letter and take appropriate action within the given timeframe to avoid any further consequences or penalties.
If you got an IRS 10 day demand letter then it is a final notice. It is issued when the IRS has already sent several notices to you requesting payment of the outstanding tax balance, but the taxpayer has failed to respond or pay the amount due.
The letter gives you 10 days from the date of the letter to pay the tax balance in full, or the IRS will take collection action, such as placing a lien on the taxpayer’s property, levying your bank account, or garnishing your wages.
The 10-day demand letter is considered a serious warning from the IRS, and it is important for taxpayers to respond promptly and pay the amount due to avoid further collection action. If the taxpayer disagrees with the amount owed, they can request a hearing with the IRS Office of Appeals. If you cannot pay the full amount owed, the IRS may be willing to work out a payment plan or offer you other options to resolve the debt.
If you are unsure about how to respond to the demand letter or feel that you need additional help, consider consulting a tax professional or accountant.