Glossary

Form 433-D – Installment Agreement

What is Form 433-D and How Does it Help Manage Tax Debt?

Form 433-D, officially titled “Installment Agreement,” is an IRS form that taxpayers use to request an agreement to pay their outstanding tax liabilities in monthly installments. This form allows taxpayers to negotiate payment terms with the IRS if they cannot pay their full tax bill right away.

6. Glossary Article

Recommended for You

Tax Lien Certificate Sale

A tax lien certificate sale is when local governments sell the right to collect unpaid property taxes to investors. This can be an avenue for investment but comes with risks.

Form 1024-A – Application for Recognition of Exemption Under Section 501(c)(4) of the Internal Revenue Code

Form 1024-A is used by certain organizations to apply for tax-exempt status as a social welfare organization under section 501(c)(4) of the Internal Revenue Code. Getting this designation can significantly impact an organization's financial operations and fundraising.

Foreclosure Litigation Costs

Foreclosure litigation costs refer to the expenses incurred during legal proceedings involving property foreclosures, which have specific tax implications and compliance requirements.

CP28 Notice

A CP28 notice from the IRS informs you of a change to your tax account, usually involving adjustments made by the IRS. It's important to understand what this notice means to ensure you're in good standing with the IRS.

Tax Levy Appeal

A Tax Levy Appeal is a formal request to contest a government-imposed levy on an individual's property or accounts due to unpaid taxes.

Car and Truck Expenses Deduction

The Car and Truck Expenses Deduction allows business owners and self-employed individuals to reduce their taxable income by deducting vehicle-related expenses from their tax returns.