Automated Tax Credit - Tax Debt Resolution

Glossary

Monthly Payment Verification Letter

A Monthly Payment Verification Letter is sent to taxpayers to confirm regular payments towards a tax liability or debt, ensuring compliance and record accuracy.

CP504U Notice

The CP504U Notice is an IRS message alerting taxpayers to overdue taxes and potential levies. Understanding its purpose and compliance is crucial.

IRS Payment Compliance Form

The IRS Payment Compliance Form ensures taxpayers fulfill their payment obligations to the IRS. It is crucial for maintaining accurate financial compliance.

CP503S Reminder

The CP503S Reminder is a notice from the IRS to remind taxpayers of overdue taxes from a previous CP503 Notice, urging prompt payment to avoid further penalties.

Taxpayer Plan Adjustment Form

The Taxpayer Plan Adjustment Form allows taxpayers to request amendments to their payment plans or agreements with the tax authority. It's essential for ensuring flexible resolution of tax debts.

CP89T Notice

The CP89T Notice is issued by the IRS to notify taxpayers of changes made to their tax account due to discrepancies found in previously filed returns.

CP523T Notice

The CP523T Notice is sent by the IRS to remind taxpayers of their payment plan obligations and outline the necessary steps to ensure compliance, preventing penalties.

Installment Agreement Rejection Letter

An Installment Agreement Rejection Letter is issued by the IRS when a taxpayer's request for a payment plan to settle their tax debt is denied. It outlines the reasons for denial and offers guidance for rectifying the issue.

CP504T Notice

The CP504T Notice is a critical IRS notice indicating unpaid taxes and impending enforcement actions. It serves as a final reminder before levies or liens.