Automated Tax Credit - Tax Debt Resolution
Glossary

CP71C Notice

What Does Receiving a CP71C Notice From the IRS Mean?

A CP71C notice is a communication from the IRS letting you know about a change made to your tax account. This often means that the IRS has applied a credit to your account, offset your refund, or has made an adjustment based on an amended tax return. It’s not usually a notice about owing more taxes, but rather informing you of an action they’ve taken regarding your account.

What is a CP71C Notice? | IRS Explanation
A CP71C notice from the IRS confirms a change to your tax account, like a credit applied or an offset to your refund. It's important to understand what this notice means to ensure your tax records are correct.

0:00 0:00
100

Related Concepts and Terms

Understanding a CP71C notice is easier when you know these related terms:

  • Tax Refund Offset: When the IRS takes your tax refund to pay other debts (like student loans or back taxes).
  • Tax Credit: A direct reduction in your tax liability.
  • Amended Tax Return: A corrected version of a tax return you’ve previously filed.
  • IRS Notice: Any formal communication you receive from the IRS.

Recommended for You

Statewide Water Safety Initiative Credit

The Statewide Water Safety Initiative Credit is a tax incentive designed to promote water safety measures across various states, benefiting taxpayers who invest in approved water safety projects.

CP503AS Reminder

The CP503AS Reminder is an IRS notice that alerts taxpayers about overdue taxes. It emphasizes the importance of timely payments to avoid further penalties.

Redemption Fee

Redemption Fees are charges applied when shares in a mutual fund or other investment are sold or redeemed before a specified holding period. They play a crucial role in tax compliance.

CP503W Reminder

The CP503W Reminder is a notice issued by the IRS to inform taxpayers of overdue taxes. It details the amount owed and the consequences of non-compliance.

Local Business Tax Credit

The Local Business Tax Credit incentivizes local businesses to promote economic growth by reducing tax liabilities through specific deductions and credits.

Tax Lien Servicing

Tax Lien Servicing assists in managing and purchasing tax liens, facilitating tax compliance and resolution. Key for financial stability and legal assurance.