Automated Tax Credit - Tax Debt Resolution

Glossary

Payment Plan Review

A Payment Plan Review involves assessing an individual's or business's agreement with the IRS to pay outstanding tax liabilities over time. It ensures compliance and financial stability.

Refund Hold

Refund Hold is a tax term explaining delays or withholding of tax refunds due to IRS reviews or additional information needs.

Default Prevention

Default Prevention is crucial in tax compliance, helping individuals and entities avoid penalties, manage their financial obligations, and maintain a stable financial standing.

Online Application

Online applications simplify tax filing, offering secure, streamlined, and accurate submission processes. Discover key features and compliance tips.

Form 9465 Instructions

Form 9465 is an IRS form used to request a monthly installment plan for paying off outstanding federal taxes. It helps taxpayers manage their debt more effectively.

Fresh Start Eligibility

Fresh Start Eligibility refers to IRS programs meant to help struggling taxpayers. It provides various options to manage or reduce tax debts effectively.

Payment Reinstatement

Payment Reinstatement refers to the process of restoring tax payments after a period of non-compliance, ensuring continued adherence to tax obligations.

Delinquency Penalty

A Delinquency Penalty refers to charges imposed for late tax payments or filings. Understanding its mechanisms is crucial for avoiding significant financial burdens.

CP523C Notice

The CP523C Notice is issued by the IRS to alert taxpayers about a potential termination of an installment agreement due to missed payments or other compliance issues.