Automated Tax Credit - Tax Debt Resolution

Glossary

CP144E Penalty for Overstated Self-Employment Tax Deductions

The CP144E Penalty is imposed by the IRS when taxpayers overstate deductions related to self-employment taxes. This can result in financial penalties and legal consequences.

Abatement for Duplicate Partnership Income Filings

Abatement for Duplicate Partnership Income Filings involves rectifying and mitigating errors when income is reported multiple times by partnerships. It is an essential process to ensure accurate tax compliance and avoid overpayment.