Automated Tax Credit - Tax Debt Resolution

Glossary

Payment Agreement Request

A Payment Agreement Request allows taxpayers to arrange a payment plan with the tax authority when they cannot pay their taxes immediately in full.

Delinquent Taxpayer Form

The Delinquent Taxpayer Form is a crucial document used by tax authorities to address and rectify issues with taxpayers who have unpaid taxes or unfiled tax returns. It guides compliance requirements and potential penalties.

CP89D Notice

The CP89D Notice is sent to taxpayers by the IRS to inform them of significant changes made to their tax accounts after detecting discrepancies or errors. It's crucial to review and respond appropriately to avoid penalties.

Installment Overpayment

Installment Overpayment occurs when taxpayers pay more than their required installment amount, impacting future tax obligations and potential refunds.

IRS Income Standards

IRS Income Standards are guidelines used to determine allowable living expenses for taxpayers, crucial in assessing individual tax liability and eligibility for special programs.

Payment Plan Expiration

Payment Plan Expiration refers to the end date of a taxpayer's agreed payment schedule with tax authorities to settle tax liabilities. It’s crucial for maintaining compliance and avoiding penalties.

Taxpayer Support Center

The Taxpayer Support Center assists individuals with tax compliance and resolution, offering guidance and resources for managing tax-related inquiries and issues.

Taxpayer Payment Extension

A Taxpayer Payment Extension allows taxpayers extra time to pay their tax obligations beyond the original due date. This tool is crucial for managing unexpected financial constraints.

IRS Payment Deadline

The IRS Payment Deadline is the final date by which taxpayers must pay any taxes owed for a given year to avoid penalties and interest.

CP503D Reminder

The CP503D Reminder is an IRS notice sent to taxpayers with overdue taxes, urging them to settle their debts to avoid penalties or further enforcement actions.