The CP 523 letter from IRS looks like this. It is sent out to taxpayers who have had a previous installment agreement and have defaulted:
Notice of Intent to Levy!!
You Defaulted On Your Installment Agreement.
This is a formal notice of our intent to terminate your installment agreement 30 days from the date of this notice. You defaulted on your agreement because you didn’t make your payments as agreed. The agreement states that we may terminate your agreement and collect the entire amount of your tax liability if you don’t meet all the conditions. This is your notice, as required by Internal Revenue Code Section 6331(d), of our intent to levy (take) any state tax refunds that you may be entitled. We can also file a Notice of Federal Tax Lien, if we haven’t already done so. In addition we will begin to search for other assets we may levy. To prevent collection action, you must bring your account up to date by paying your past due amount, as well as any current payments due. We will charge a reinstatement fee that we will take from your first payment. If don’t agree with this decision, you have a right to request Appeals consideration by calling the number listed below within 30 days from the date the agreement is terminated.
The IRS will without question levy your accounts and they already have the information of levy sources in their computer system.
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