Glossary

CP66 Notice

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The CP66 notice is sent by the IRS to notify taxpayers that they are eligible for a refund based on their filed return; however, additional information or verification is required before the refund can be issued.

Key points about CP66:

The notice specifies the amount of the refund due and outlines the reasons why further verification is necessary.
Taxpayers are given instructions on what information or documentation they need to provide to expedite the processing of their refund.
Failure to respond promptly may delay the issuance of the refund.

Taxpayers receiving CP66 should act quickly to provide the requested information to ensure their refund is processed without unnecessary delays.

Recommendation

CP12 Notice: Refund Due After Corrections

The IRS CP12 Notice informs taxpayers that after corrections were made to their tax return, a refund is due.

Form 4684 – Casualties and Thefts (previously mentioned, expanded here for disaster recovery)

Form 4684 is crucial for claiming deductions related to losses from casualties and thefts for tax purposes.

CP71D Notice: Annual Reminder of Federal Tax Lien

IRS CP71D Notice serves as an annual reminder of an active federal tax lien due to unresolved tax debt, detailing next steps for lien release.

CP03 Notice: Tax Return Processing Status

The IRS CP03 Notice provides an update on the status of a taxpayer’s return, potentially requiring additional action.

CP23A Notice: Estimated Payment Discrepancy

The IRS CP23A Notice informs taxpayers of discrepancies in estimated tax payments, potentially affecting their refund or resulting in a balance due.

Letter 2801C: IRS Follow-Up Request for Additional Information

IRS Letter 2801C asks taxpayers to provide additional information to resolve discrepancies or complete the processing of their tax return.

CP58 Notice

The CP58 notice notifies taxpayers that they may be eligible for the Earned Income Credit (EIC) based on their tax return information.

Form 1099-H – Health Coverage Tax Credit (HCTC) Advance Payments

Form 1099-H is crucial for reporting Health Coverage Tax Credit (HCTC) Advance Payments.

Form 5500-SF – Short Form Annual Return/Report of Small Employee Benefit Plan

Form 5500-SF is a key tax-related form for small employee benefit plans.

Form 5472 – Information Return of a 25% Foreign-Owned U.S. Corporation

Form 5472 is an essential information return for 25% foreign-owned U.S. corporations to report transactions with related foreign parties.