Glossary

CP10 Notice

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The CP10 notice is sent by the IRS to inform taxpayers that their tax refund has been processed and issued. This notice includes details about the refund amount and how it will be delivered, either by direct deposit or by check.

Key points about CP10:

The notice specifies the refund amount and confirms that the IRS has completed the processing of the taxpayer’s return.
It outlines how and when the taxpayer can expect to receive the refund.
Taxpayers should keep the notice for their records and as proof of the refund issued.

Receiving CP10 is a positive notification indicating that the IRS has processed the return and issued a refund.

Recommendation

Letter 3219C: Statutory Notice of Deficiency

The IRS Letter 3219C, also known as a Statutory Notice of Deficiency, notifies taxpayers that they owe additional taxes and provides the option to contest it in tax court.

CP77 Notice

The CP77 notice is sent to notify taxpayers that their refund is being withheld due to unpaid tax debts or other financial obligations.

IRS Notice CP523: Defaulted Installment Agreement

IRS Notice CP523 is sent when a taxpayer defaults on their Installment Agreement by missing payments or failing to comply with the terms.

CP13R Notice

IRS CP13R informs taxpayers that changes have been made to the Recovery Rebate Credit on their return, resulting in no balance due.

IRS Form 2848: Power of Attorney and Declaration of Representative

IRS Form 2848 is used to grant power of attorney to a representative, allowing them to act on your behalf in IRS tax matters.

Form 8919 – Uncollected Social Security and Medicare Tax on Wages

Form 8919 addresses uncollected Social Security and Medicare taxes on wages.

Form 8854 – Initial and Annual Expatriation Statement (previously mentioned under expatriates)

Form 8854 is a crucial form for expatriates required to report their expatriation to the IRS.

Form 709-NA – United States Gift Tax Return for Nonresident Aliens

Form 709-NA is a critical document for nonresident aliens to report gift tax to the US government.

Form 8835 – Renewable Electricity Production Credit

Form 8835 – Renewable Electricity Production Credit is a tax form used to claim credits for renewable electricity production.

Letter 3220C: Offer in Compromise Acceptance

IRS Letter 3220C notifies taxpayers that their offer in compromise has been accepted, allowing them to resolve their tax debt for less than the total amount owed.