Automated Tax Credit - Tax Debt Resolution

Glossary

CP503H Reminder

The CP503H Reminder is an IRS notification issued to taxpayers when there are unresolved tax liabilities. It's essential for timely compliance to avoid penalties.

Payment Agreement Guidelines

Payment Agreement Guidelines ensure taxpayers and tax authorities reach mutually agreeable terms for outstanding tax liabilities, facilitating compliance and resolution.

CP89I Notice

The CP89I Notice is issued by the IRS to notify taxpayers of significant modifications to their tax accounts due to identified discrepancies or errors in filed returns.

Taxpayer Assistance Letter

The Taxpayer Assistance Letter is a communication from the IRS or local tax authorities aimed at addressing specific taxpayer queries or concerns, aiding in tax issue resolution.

CP523I Notice

The CP523I Notice from the IRS is a critical communication regarding installment agreement payments. It informs taxpayers of adjustments or issues needing prompt attention.

CP504I Notice

The CP504I Notice from the IRS warns taxpayers of potential levies if overdue taxes aren't paid. Understanding and addressing this notice is crucial to prevent escalating penalties.

Payment Option Form

The Payment Option Form is a critical document used by taxpayers to determine and manage their tax payment methods and schedules, ensuring they meet IRS obligations.

CP503G Reminder

The CP503G Reminder is a crucial IRS notice prompting taxpayers with overdue tax liabilities to make payments or risk further penalties.

Business Taxpayer Plan

The Business Taxpayer Plan outlines strategies and obligations for companies to manage and optimize their tax filings and liabilities effectively.