Glossary

CP77 Notice

0:00 0:00

100

The CP77 notice is sent by the IRS to inform taxpayers that their refund has been withheld because of outstanding tax debts or other financial obligations, such as child support or federal student loans. This notice serves as a warning that the refund will not be issued until the debts are resolved.

Key points about CP77:

The notice details the amount of the refund that has been withheld and the reason for the withholding.
Taxpayers are advised to resolve the outstanding debts to claim their refund.
The notice includes contact information for the IRS and other agencies that may be involved.

Taxpayers receiving CP77 should take immediate action to settle their debts to ensure they receive their refund promptly.

Recommendation

Notice of Federal Tax Lien (NFTL)

The IRS files a Notice of Federal Tax Lien (NFTL) to claim legal rights over a taxpayer’s property until the unpaid tax debt is satisfied.

Form 5695 – Residential Energy Credits (cross-referenced from energy credits)

Form 5695 – Residential Energy Credits is a tax form used by taxpayers to claim credits for residential energy-efficient improvements.

Form 1095-C – Employer-Provided Health Insurance Offer and Coverage

Form 1095-C details an individual’s health coverage through an employer and is essential for tax reporting.

Letter 3489: Offer in Compromise Reconsideration Request

IRS Letter 3489 notifies taxpayers that their request for reconsideration of a denied offer in compromise is under review, and outlines the process moving forward.

CP12 Notice: Changes to Your Tax Return – Refund or Balance Due

IRS CP12 Notice informs taxpayers of changes made to their tax return due to miscalculations, and explains if a refund is due or a balance is owed.

Form 1099-C: Cancellation of Debt

Form 1099-C is used by creditors to report canceled or forgiven debt to the IRS, which may be considered taxable income.

Form 1099-LTC – Long-Term Care and Accelerated Death Benefits (cross-referenced under retirement forms)

Form 1099-LTC is used to report long-term care and accelerated death benefits for tax purposes.

Form 8822 – Change of Address (helpful in post-disaster relocations)

Form 8822 – Change of Address is a crucial document for updating your address with the IRS, especially important in post-disaster relocations.

CP10 Notice

The CP10 notice is sent to notify taxpayers that their refund has been issued, providing details on the amount and method of delivery.

IRS Form 940: Employer’s Annual Federal Unemployment (FUTA) Tax Return

IRS Form 940 is filed annually by employers to report and pay the Federal Unemployment Tax (FUTA) for their employees.