IRS CP03 is sent to notify taxpayers that their tax return is being processed, providing details on the expected refund timeline.
An IRS Payment Plan allows taxpayers to pay their tax debt in monthly installments over time, helping them manage large tax liabilities.
The IRS CP88 Notice notifies taxpayers that their refund has been frozen due to unfiled tax returns from previous years, and provides instructions for resolution.
The CP40 notice informs taxpayers of the outcome of their request for a payment plan, including any details regarding approval or denial.
IRS Notice CP523 is sent when a taxpayer defaults on their Installment Agreement by missing payments or failing to comply with the terms.
Tax debt forgiveness refers to programs that allow taxpayers to reduce or eliminate their tax debt based on financial hardship or inability to pay.
A W-4 form allows employees to inform their employer of how much federal income tax should be withheld from their paycheck based on their filing status and dependents.
The trust fund penalty is a personal liability imposed on individuals responsible for collecting and paying payroll taxes but who fail to do so.
IRS CP2501 Notice alerts taxpayers to income discrepancies and requests clarification to prevent additional taxes and penalties.
A tax adjustment is a change made by the IRS to a taxpayer’s return, often due to discrepancies or errors in reported income or deductions.