Automated Tax Credit - Tax Debt Resolution

Glossary

IRS Financial Review Request

The IRS Financial Review Request is a process initiated by taxpayers or the IRS to assess financial situations for compliance or debt resolution purposes.

CP523V Notice

The CP523V Notice from the IRS informs taxpayers of an impending financial penalty or levy due to missed tax payments or previously unmet tax obligations.

Revenue Officer Taxpayer Letter

The Revenue Officer Taxpayer Letter informs individuals of issues regarding their tax accounts. Understanding it aids in managing tax compliance and avoiding penalties.

CP504V Notice

The CP504V Notice is a warning issued by the IRS indicating unpaid tax liabilities. It is crucial for taxpayers to address this notice to prevent further collection actions.

CP503T Reminder

The CP503T Reminder is an IRS notice sent to taxpayers regarding unpaid tax liabilities, highlighting the need for prompt resolution and compliance.

CP89U Notice

The CP89U Notice informs taxpayers about significant changes to their tax accounts due to discrepancies or errors. It outlines adjustments, their impact, and steps to resolve any issues.

CP523U Notice

The CP523U Notice is issued by the IRS to alert taxpayers about defaults on payment agreements, outlining consequences and necessary actions.