---
title: What is a CP71 Notice?
description: Learn about IRS CP71 Notices and how to handle them in our tax notice library. Understand what to do if you owe taxes, penalties, and interest.
---

[The Learning Center | DiMercurio Advisors ](https://www.dimercurioadvisors.com/learning-center)

# [What is a CP71 Notice?](https://www.dimercurioadvisors.com/learning-center/tax-notice-library/cp71)

 Written by [Nate Richards EA](https://www.dimercurioadvisors.com/learning-center/author/nate-richards) | Jan 01, 2018

Receiving a tax notice or letter is never a pleasant experience. It can be confusing and frustrating if you don't understand why you received the notice in the first place.  That's why we wrote [The Ultimate Guide to Tax Notices](https://www.dimercurioadvisors.com/the-ultimate-guide-to-tax-notices) and created a [tax notice library](https://www.dimercurioadvisors.com/learning-center/tax-notice-library) filled with the most common tax notices and letters you might receive.  We believe the process of staying compliant with your taxes should be as effortless as possible.

### General Information

- **What is the notice number?**  CP71 
- **What government agency sends this notice? ** The Internal Revenue Service (IRS)
- **What is this notice about? ** You received this notice to remind you of the amount you owe in tax, penalty and interest.
- **What should you do if you receive this notice?** 
    - Read your notice carefully — it will explain how much money you owe on your taxes.

### FAQs & Additional Information

- **Am I charged interest on the money I owe?**  
    - Yes, interest accrues on your unpaid balance until you pay it in full.
- **Do I receive a penalty if I cannot pay the full amount?** 
    - Yes, you receive a late payment penalty.
- **What happens if I cannot pay the full amount I owe?** 
    - You can arrange to make a payment plan with the IRS if you cannot pay the full amount you owe.
- **How can I set up a payment plan?** 
    - Call the toll-free number listed on the top right corner of your notice to discuss payment options or learn more about payment arrangements.

### What does it look like?

### Resources

Looking for more information about this notice?  Here are some helpful resources:

- About the notice - [https://www.irs.gov/individuals/understanding-your-cp71-notice](https://www.irs.gov/individuals/understanding-your-cp71-notice)
- Example copy of the notice - [https://www.irs.gov/pub/notices/cp71_english.pdf](https://www.irs.gov/pub/notices/cp71_english.pdf)

### How can we help you today?

Are you looking for more information about your tax notice or other challenges?  DiMercurio Advisors has a dedicated team supporting tax notices, audits and more.  We are passionate about ensuring you are well-informed and in control of your tax situation.

 

[View full post](https://www.dimercurioadvisors.com/learning-center/tax-notice-library/cp71)

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