Automated Tax Credit - Tax Debt Resolution

Glossary

CP523Z Notice

The CP523Z Notice alerts taxpayers about a missed installment payment on their IRS payment plan. It's crucial to address it promptly to avoid penalties or termination.

Taxpayer Payment Confirmation Notice

The Taxpayer Payment Confirmation Notice is an official document that verifies the receipt of a tax payment by the tax authority, acknowledging that the taxpayer’s obligation for the specified amount has been fulfilled.

CP504Z Notice

The CP504Z Notice is sent by the IRS to alert taxpayers about delinquent taxes, urging them to pay immediately to avoid additional penalties or enforcement actions.

IRS Agreement Modification Letter

The IRS Agreement Modification Letter is a tool for taxpayers to request changes to existing payment agreements due to financial shifts. It's vital for staying compliant with revised payment capacities.

CP503X Reminder

The CP503X Reminder is an IRS notice urging taxpayers about unpaid taxes, emphasizing immediate action to avoid further penalties and comply with tax obligations.

Business Payment Term Adjustment

Business Payment Term Adjustment involves modifying the payment terms agreed upon in financial transactions. It's crucial for managing cash flow, compliance, and tax implications.

CP89Y Notice

The CP89Y Notice informs taxpayers of significant account changes due to IRS corrections. Timely review ensures compliance and avoids penalties.

Revenue Officer Installment Review

The Revenue Officer Installment Review is a critical evaluation undertaken by IRS personnel to ensure taxpayers meet their tax debt obligations through installment payment plans.

CP523Y Notice

The CP523Y Notice is issued by the IRS to inform taxpayers about impending installment agreement termination due to missed payments.