Automated Tax Credit - Tax Debt Resolution

Glossary

CP523L Notice

The CP523L Notice is an IRS document informing taxpayers of changes to their tax account, often related to installment agreements. It is crucial to respond promptly to avoid penalties.

IRS Installment Agreement Fee

The IRS Installment Agreement Fee is a charge imposed by the IRS when taxpayers opt to pay their tax liabilities in installments. Understanding this fee is crucial for managing tax debt effectively.

CP504L Notice

The CP504L Notice informs taxpayers of unpaid taxes before IRS collection actions begin. Responding promptly can prevent further penalties and interest.

CP503J Reminder

The CP503J Reminder is a formal communication from tax authorities, alerting you to overdue tax payments and outlining the steps necessary to resolve your account.

Payment Plan Adjustment Letter

The Payment Plan Adjustment Letter is a formal notification used to inform a taxpayer of changes in their tax payment plan, often due to alterations in financial circumstances or errors in initial calculations.

CP89K Notice

The CP89K Notice is an IRS-issued document informing taxpayers of changes to their tax account due to identified discrepancies. Timely action is required to avoid penalties.

CP523K Notice

The CP523K Notice is an official communication from the IRS, alerting taxpayers about important actions taken on their tax accounts, often due to discrepancies or overdue payments.

Installment Plan Evaluation

Installment Plan Evaluation involves assessing taxpayer eligibility for IRS installment agreements. It's crucial in managing tax debts while ensuring compliance.