Glossary

CP32A Notice

The CP32A notice is sent by the IRS to inform taxpayers that their refund check was returned as undeliverable because the IRS does not have the correct address on file. This notice alerts the taxpayer to take action to update their address information so the IRS can reissue the refund.

Key points about CP32A:

The notice explains that the refund check could not be delivered due to an incorrect address.
Taxpayers are instructed to update their address using Form 8822 (Change of Address) or by providing updated information online.
Once the IRS receives the updated information, they will reissue the refund check to the correct address.

Taxpayers should act promptly to update their address to ensure they receive their refund without further delays.

Recommendation

1099 Form

A 1099 form reports various types of income earned from non-wage sources, such as freelance work, investment income, or self-employment.

Federal Insurance Contributions Act (FICA)

FICA is a law requiring payroll taxes for Social Security and Medicare, with contributions shared by employers and employees.

CP2057 Notice: Inquiry Regarding Unreported Income

IRS CP2057 Notice alerts taxpayers of potential unreported income and invites them to correct or clarify discrepancies to avoid penalties.

Letter 1058A: Notice of Intent to Levy on Specific Property

IRS Letter 1058A informs taxpayers that the IRS intends to levy specific property, like real estate or other assets, unless the tax debt is resolved.

IRS Form 1040: U.S. Individual Income Tax Return

IRS Form 1040 is the standard tax form used by U.S. individuals to file their federal income tax returns, reporting income, deductions, and credits.

CP28A Notice

The CP28A notice notifies taxpayers of an adjustment made to their tax account, resulting in a credit that may affect their balance or refund.

Barred Refund Claim

A barred refund claim is a request for a tax refund made after the deadline for claiming the refund has passed, preventing the taxpayer from receiving the refund.

Statute of Limitations on Tax Debt

The statute of limitations on tax debt is the time limit during which the IRS can collect unpaid taxes, usually 10 years from the date of assessment.

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.

CP71C Notice: Annual Reminder of Balance Due on Tax Debt

IRS CP71C Notice serves as an annual reminder to taxpayers that they have an outstanding balance due on their tax debt and provides payment instructions.