Automated Tax Credit - Tax Debt Resolution

Glossary

IRS Financial Standards

IRS Financial Standards are essential criteria used by the IRS to determine taxpayers' ability to pay taxes. They play a critical role in tax resolution.

CP89G Notice

The CP89G Notice, issued by the IRS, informs taxpayers of significant changes or adjustments to their tax accounts. It requires careful review and timely response.

Revenue Officer Assessment

Revenue Officer Assessment is a critical IRS tool used to ensure accurate tax compliance, identifying discrepancies and securing payments from delinquent taxpayers.

CP523G Notice

The CP523G Notice is a communication from the IRS informing taxpayers of a potential default on their installment agreement. This notice highlights the actions needed to maintain compliance and avoid further penalties.

Monthly Payment Adjustment

Monthly Payment Adjustment refers to changes in scheduled payments as a tax compliance tool, reflecting updated financial obligations or changes in reported income.

Installment Fee Reduction

Installment Fee Reduction refers to the IRS policy that enables eligible taxpayers to pay reduced fees for setting up installment agreements for outstanding tax debts.

IRS Lien Removal

IRS Lien Removal involves the process of eliminating a lien placed by the IRS on a taxpayer's property due to unpaid taxes. Understanding this process can help safeguard your financial assets.

CP504G Notice

The CP504G Notice is a tax-related document notifying taxpayers of overdue amounts due to the IRS. It outlines the necessary actions and potential consequences of ignoring the notice.

Business Payment Adjustments

Business Payment Adjustments involve modifications to a company's tax payments due to discrepancies or updates. Essential for maintaining accurate financial records.