Glossary

CP71B Notice

The CP71B notice is an annual reminder sent by the IRS to taxpayers with an unpaid balance on their account. This notice details the total amount owed, including any penalties and interest, and encourages taxpayers to take action to resolve the balance.

Key points in CP71B:

The notice outlines the balance due, including accrued penalties and interest since the last notice.
It provides options for resolving the debt, such as paying in full or setting up an Installment Agreement.
Ignoring this notice could lead to further collection actions by the IRS.

Taxpayers should respond to CP71B promptly to avoid additional penalties and ensure compliance with IRS obligations.

Recommendation

CP71B Notice

The CP71B notice is an annual reminder of an unpaid balance on a taxpayer’s account, including payment options to settle the debt.

CP90 Notice – Final Notice of Intent to Levy and Notice of Your Right to a Hearing

IRS Notice CP90 is the Final Notice of Intent to Levy, which gives you the right to a hearing before the IRS seizes your assets to satisfy unpaid tax debt.

CP518 Notice: Final Notice of Unfiled Return

IRS CP518 Notice serves as a last reminder for taxpayers to file an unfiled return, with penalties and enforcement actions detailed for non-compliance.

CP49 Notice

IRS CP49 is sent when the IRS applies a taxpayer’s refund to a prior year’s unpaid tax debt.

CP21C Notice: Changes to Your Tax Return – Balance Due

IRS CP21C Notice notifies taxpayers that changes to their tax return have resulted in an additional balance owed and explains how to pay the new balance.

CP259 Notice: Return Delinquency Notice

The IRS CP259 Notice warns taxpayers that they have not filed a required tax return and outlines steps to file and avoid penalties or further enforcement actions.

IRS Notice CP501: Reminder Notice of Balance Due

IRS Notice CP501 is a reminder notice that informs taxpayers of an unpaid balance and warns of further penalties if not resolved.

CP22A Notice: Changes to Your Tax Return Resulting in a Balance Due

The IRS CP22A Notice notifies taxpayers that changes to their tax return have resulted in a balance due and provides steps for making a payment.

Shared Responsibility Payment (SRP)

The Shared Responsibility Payment (SRP) was a penalty under the Affordable Care Act for individuals who did not have qualifying health insurance.

CP75 Notice

IRS CP75 is sent to request additional documentation to verify Earned Income Credit (EIC) claims or other credits on a tax return.