Glossary

CP01 Notice

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The CP01 notice is sent by the IRS to provide taxpayers with their Identity Protection Personal Identification Number (IP PIN). This six-digit number is crucial for those who have been victims of identity theft or are at risk for it, as it helps ensure that only the taxpayer can file a return using their Social Security Number (SSN).

Key points about CP01:

The IP PIN is used to validate the taxpayer’s identity when filing their tax return.
Taxpayers must enter the IP PIN on their tax return to avoid delays or rejections.
The IRS typically issues a new IP PIN each year, and taxpayers should keep this number confidential.

Taxpayers should use their IP PIN when filing to prevent fraudulent tax returns from being submitted under their name, thereby protecting their tax information and refund.

Recommendation

Letter 3217C

IRS Letter 3217C confirms that the taxpayer’s Installment Agreement has been accepted, detailing monthly payment amounts and due dates.

Form 8453-C – U.S. Corporation Income Tax Declaration for an IRS e-file Return

Form 8453-C is a declaration used by U.S. corporations to e-file their income tax returns with the IRS.

Form 2439 – Notice to Shareholder of Undistributed Long-Term Capital Gains

Form 2439 is a key document used to inform shareholders about undistributed long-term capital gains.

Form 990-EZ – Short Form Return of Organization Exempt From Income Tax

Form 990-EZ is a simplified tax return form for tax-exempt organizations that helps them report their income, expenses, and activities to the IRS.

Form 940 – Employer’s Annual Federal Unemployment (FUTA) Tax Return

Form 940 is a key tax form employers use to report and pay Federal Unemployment Tax Act (FUTA) taxes annually.

Form 8826 – Disabled Access Credit (reiterated for business-related credits)

Form 8826, also known as the Disabled Access Credit, is a tax credit available to businesses that incur expenses related to providing access for individuals with disabilities.

Form 7004 – Application for Automatic Extension of Time to File Certain Business Income Tax Returns

Form 7004 is a vital tool for businesses seeking an extension to file certain tax returns.

Form 4684 – Casualties and Thefts (previously listed under disaster recovery but emphasized here again for tax purposes)

Form 4684 is essential for reporting casualties and thefts for tax purposes.

Form 8282 – Donee Information Return

Form 8282 – Donee Information Return relates to reporting dispositions of certain charitable deduction property.

Letter 3276: Offer in Compromise Partial Payment Request

IRS Letter 3276 requests a partial payment from taxpayers applying for an offer in compromise, demonstrating intent to resolve tax debt.