Glossary

The CP236D notice from the IRS addresses penalties related to overstated IRA contributions, offering guidance on corrections, compliance, and financial consequences.

Relief for duplicate foreign income deductions addresses situations where a taxpayer mistakenly claims the same foreign income deduction multiple times, ensuring proper compliance and preventing penalties.

Discover the waiver for overstated Social Security income payments, key filing requirements, and its importance in resolving tax discrepancies.

The CP211F Penalty applies when taxpayers inaccurately report capital gains on their tax returns, potentially leading to significant fines.

Abatement for Overstated State Refund Claims allows taxpayers to correct excessive refund claims on state tax returns, mitigating penalties and ensuring compliance.

The CP299F penalty notice is issued by the IRS when a taxpayer has overstated real estate tax deductions. It emphasizes the need for accurate tax filings to avoid penalties.

Relief for overstated partnership tax deductions addresses corrections and compliance with IRS standards to prevent penalties for excessive deductions.

The waiver for duplicate business income deductions allows taxpayers to avoid penalties for claiming the same business income deduction twice. It requires specific IRS compliance.

The CP305B notice educates taxpayers about penalties related to inaccuracies in reporting mortgage interest deductions. This compliance measure by the IRS ensures the accuracy and integrity of tax filings.

Abatement for Duplicate State Tax Filings involves rectifying and resolving errors from filing the same state tax return multiple times, helping taxpayers avoid penalties.