Glossary

CP148 Notice

What is a CP148 Notice from the IRS?

A CP148 Notice from the IRS is a formal notification informing you that they’ve identified a discrepancy in the tax return you filed and are adjusting your account to reflect their findings. Often, it indicates that you owe additional taxes, penalties, or interest, and it will explain the reasons for these changes and how you can respond.

  1. Glossary Article

Recommended for You

SEO Optimization Services Deduction

The SEO Optimization Services Deduction allows businesses to deduct expenses related to improving online visibility. Understanding this deduction is crucial for optimizing tax liabilities.

Statewide Renewable Microgrid Credit

The Statewide Renewable Microgrid Credit is a tax incentive designed to encourage the development of renewable microgrid systems, offering tax benefits for compliance with energy and environmental standards.

CP49 Notice

A CP49 notice from the IRS is a notification that you've overpaid on your taxes, and they're explaining how that overpayment is being handled. It typically means your refund was used to cover another tax debt.

Data Visualization Tools Deduction

The Data Visualization Tools Deduction allows businesses to deduct expenses related to software and tools used for creating visual representations of data, enhancing financial reporting and decision-making.

Internet and Phone Expenses Deduction

The Internet and Phone Expenses Deduction allows eligible individuals and businesses to reduce taxable income by claiming costs of internet and phone services used for business purposes.

Electric Bike Tax Credit

The Electric Bike Tax Credit offers financial incentives for purchasing electric bikes, promoting eco-friendly transportation and supporting sustainable choices.