Automated Tax Credit - Tax Debt Resolution

Glossary

Installment Agreement Letter

An Installment Agreement Letter is a formal request to the IRS to pay off tax debts in manageable monthly payments. It outlines the terms of the repayment plan.

Business Tax Compliance

Business Tax Compliance refers to the adherence to tax regulations by businesses, ensuring timely and accurate filing of returns and payment of taxes.

IRS Payment Guidelines

IRS Payment Guidelines provide taxpayers with instructions on how to pay their taxes. Understanding these guidelines is crucial for compliant tax payment.

Taxpayer Filing Status

Taxpayer Filing Status explains how taxpayers are classified for filing returns. It impacts tax obligations, credits, and compliance requirements.

Payment Plan Interest

Payment Plan Interest refers to the interest charges added to a taxpayer's debt when opting for a payment plan to settle outstanding taxes.

CP504D Notice

The CP504D Notice informs taxpayers of an overdue tax balance. Compliance involves making prompt payments to avoid additional penalties or enforcement actions.

Taxpayer Lien Notice

A Taxpayer Lien Notice is an alert issued by taxing authorities indicating an intention to claim a lien on a taxpayer's property due to unpaid taxes.

IRS Levy Protection

IRS Levy Protection helps prevent the seizure of assets by the IRS for unpaid taxes. Learn how it safeguards your financial stability.