Glossary

CP76A Notice

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The CP76A notice is issued by the IRS to remind taxpayers of potential underpayment of estimated taxes for the year. This notice serves as a warning that the taxpayer may be subject to penalties and interest due to insufficient estimated tax payments.

Key points about CP76A:

The notice details the estimated tax that should have been paid and indicates the amount of underpayment.
Taxpayers are encouraged to make an estimated tax payment to cover the shortfall and avoid further penalties.
The notice may provide information on how to calculate estimated taxes correctly in the future.

Receiving CP76A prompts taxpayers to review their estimated tax payments and take appropriate action to ensure compliance.

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