CP521 Reminder
The CP521 Reminder is an IRS notice sent to taxpayers to remind them of upcoming installment agreement payments. Ensuring timely payment helps avoid penalties.
Payment Calculator
A tax payment calculator is a tool used to estimate tax obligations, ensuring accurate and timely payments. It aids in compliance by preventing underpayment penalties.
Wage Garnishment
Wage garnishment is a legal process where creditors can collect owed debts directly from an individual's wages. It's crucial in tax and financial compliance.
CP276 Notice
The CP276 Notice is issued by the IRS to inform taxpayers of adjustments made to reported income, credits, or errors in their tax returns.
Income Assessment
Income assessment reviews a taxpayer's total income to determine correct tax liability, ensuring compliance with tax laws and regulations.
Lien Subordination
Lien subordination is a process where a primary lienholder agrees to let their claim take a secondary position to a new lien, usually to facilitate refinancing.
Refund Offset
Refund Offset occurs when a taxpayer's refund is used to pay off outstanding federal or state debts. It ensures compliance with financial obligations.
Collection Suspension
Collection Suspension allows taxpayers temporary relief from tax collection while they resolve tax disputes or financial hardships.
Hardship Relief
Hardship Relief serves as a vital support system for taxpayers undergoing financial difficulties, enabling them to alleviate tax obligations under specific circumstances.
Payment Extension
A Payment Extension allows taxpayers to extend their deadline for tax payments, providing relief in times of financial constraint and aiding compliance with tax obligations.