Glossary

The CP236E penalty is levied by the IRS on taxpayers who overstate energy tax credits on their filings, leading to excessive claims.

Understanding and resolving issues with duplicate Adoption Tax Credit filings to ensure proper tax treatment and compliance.

The Waiver for Overstated Passive Income Credits is a tax provision that provides relief to taxpayers who have mistakenly overstated their passive income credits.

The CP211H Penalty is a consequence imposed by the IRS for incorrect foreign income reporting. It emphasizes compliance in reporting foreign income accurately.

Abatement for misreported business depreciation deductions helps rectify tax errors related to improper reporting of asset depreciation on business tax returns.

The CP299H is an IRS notice that alerts taxpayers of penalties related to filing duplicate mortgage interest deductions. Understanding it is crucial for tax compliance.

Learn about relief options available for overstated educational tax credits, their compliance requirements, and the consequences of errors in tax filings.

A waiver for overstated Social Security benefit deductions helps taxpayers address inaccuracies in deducted amounts, preventing penalties and ensuring compliance.

The CP276H penalty applies to taxpayers who overstate real estate tax credits on their returns, imposing fines and potential legal repercussions.

Abatement for Duplicate State Tax Refund Filings is a process that addresses the issue of multiple refund claims for the same tax return, preventing fraudulent or erroneous filings.