It is very common for a U.S. person to receive Notice CP15 due to failure or untimely reporting on foreign gifts. Notice CP15 is one of the worst penalty notices and it has very specific timelines for payments. Failure to pay for your civil penalty charge can result in the IRS collecting your personal assets and potential jail time of up to 5 years.

Therefore, you should not hesitate to contact a skilled tax attorney at Frost Law. Our tax team has the best interest of our clients and we have offices throughout the U.S. Complete the contact form or call (443) 545-3023 today to arrange a confidential consultation.

Why Did You Receive IRS Notice CP15?

You could have a civil penalty charge due to:

• Failure or untimely reporting on large foreign gifts on Form 3520
• Giving false information for withholding taxes
• Missing information on tax returns
• Failure to report a foreign tax redetermination 
• You are in charge of a business that has unpaid employment taxes
  

The notice is for notifying taxpayers that a penalty was issued, explaining why it was issued, and requesting payment. You will find your due date, the amount due, and payment options on the notice.

If you want to dispute the penalty, you have to pay it first then file a claim for a refund using Form 843. Reach out to an experienced tax attorney at Frost Law in a timely manner so we can help you find the best course of action for penalty abatement.