Glossary

Letter 2272C: Request for Collection Information

What is an IRS Letter 2272C: Request for Collection Information?

An IRS Letter 2272C, titled “Request for Collection Information,” is an official notice from the Internal Revenue Service (IRS) asking you to provide financial details to help them assess your ability to pay your outstanding tax debt. They use this information to decide the best way to collect the money you owe.

  1. Glossary Article

Recommended for You

Tax Lien Subordination

Tax lien subordination is the process of moving a tax lien down the priority list, allowing other debts to be paid first. It’s a complex but important concept for property owners with multiple liens.

Form 8965 – Health Coverage Exemptions

Form 8965, *Health Coverage Exemptions*, is used to claim an exemption from the requirement to have health insurance under the Affordable Care Act (ACA). If you didn't have coverage and qualify for an exemption, you might need this form.

Amended Tax Return

An amended tax return is a special form you use to fix mistakes or make changes on a tax return you've already filed. It's a way to ensure your taxes are accurate and you get the correct refund or pay what you owe.

Payment Plan

A tax payment plan is an agreement with the IRS (or your state tax agency) to pay off your tax debt over time, rather than in one lump sum. It can be a helpful solution if you can’t afford to pay your taxes in full right away.

CP503AN Reminder

The CP503AN Reminder is a critical IRS notice alerting taxpayers of outstanding unpaid taxes, acting as a prompt requirement for immediate payment action. Non-compliance may incur penalties.

CP23 Penalty Adjustment Notice

The CP23 Penalty Adjustment Notice is issued by the IRS to notify taxpayers of changes in penalties due to adjustments in their tax accounts. This notice outlines any corrections made by the IRS, the impact on penalty amounts, and the next steps for affected taxpayers.

Relief for Disabled Taxpayers

Relief for Disabled Taxpayers refers to an array of tax benefits designed to ease the financial burden on individuals with disabilities, encompassing credits, deductions, and more.