Glossary

Letter 3217C

IRS Letter 3217C is sent by the IRS to confirm that the taxpayer’s request for an Installment Agreement has been approved. The letter provides important details about the agreement, including the monthly payment amounts, due dates, and any additional instructions for making payments.

Key details in IRS Letter 3217C:

The letter specifies the amount owed, how much the taxpayer is required to pay monthly, and the payment deadline.
It also warns that failing to make the scheduled payments could result in the IRS revoking the Installment Agreement and resuming more aggressive collection actions.
The taxpayer must remain compliant with future tax returns and payments to keep the agreement in place.

Receiving Letter 3217C confirms that the taxpayer can pay off their tax debt over time in smaller, manageable payments. It’s essential to follow the payment plan carefully to avoid defaulting on the agreement.

Recommendation

Levy

An IRS levy is a legal action that allows the IRS to seize property, wages, or bank accounts to collect unpaid tax debt.

CP75A Notice

The CP75A notice is sent by the IRS to request additional documentation to verify eligibility for Earned Income Credit (EIC) or other tax benefits.

CP297A Notice: Final Notice of Intent to Levy on Social Security Benefits

IRS CP297A Notice is a final notice informing taxpayers of an impending levy on Social Security benefits due to unpaid taxes, with options to prevent levy actions.

Installment Agreement (IA)

An Installment Agreement is a payment plan that allows taxpayers to repay their tax debt over time in monthly installments.

Collection Information Statement (CIS)

A Collection Information Statement (CIS) is a financial disclosure form that taxpayers submit to the IRS when requesting payment plans or other tax relief options.

Collection Statute Expiration Date (CSED)

The Collection Statute Expiration Date (CSED) is the date when the IRS’s 10-year window to collect unpaid taxes expires, and the debt is no longer enforceable.

CP259E Notice: Return Not Filed – Exempt Organization

IRS CP259E Notice notifies exempt organizations of a missing return, encouraging filing to avoid penalties or loss of status.

Letter 1058: Final Notice of Intent to Levy and Right to a Hearing

The IRS Letter 1058 informs taxpayers that the IRS will levy their property or wages unless they resolve their outstanding tax debt and request a hearing.

Letter 3229C: Partial Payment Installment Agreement Rejected

IRS Letter 3229C notifies taxpayers that their request for a partial payment installment agreement has been rejected, explaining the reasons and outlining next steps.

IRS Notice CP521: Installment Agreement Reminder Notice

IRS Notice CP521 is sent to remind taxpayers of their upcoming Installment Agreement payment and the due date.