Glossary

The CP305A penalty notice from the IRS addresses inaccuracies in partnership tax filings, detailing resulting consequences, actions required, and resolution options.

Relief for Duplicate Foreign Income Filings helps taxpayers resolve issues arising from redundant income declarations on foreign income, aiming to prevent excessive taxation.

The Waiver for Overstated Business Depreciation allows businesses to correct depreciation errors without incurring typical penalties, providing relief and compliance support.

The CP259A Notice outlines penalties for incorrect filing of nonresident income, detailed compliance steps, and consequences of inaccuracies.

Abatement for Misreported Business Property Deductions allows businesses to rectify deduction errors without severe penalties, ensuring tax compliance.

The CP236G penalty is imposed by the IRS for inaccurately reporting real estate losses on tax returns, leading to potentially significant financial consequences.

Relief for Duplicate IRA Contribution Filings covers the procedures and relief options available to taxpayers who have accidentally made excessive contributions to their Individual Retirement Accounts (IRAs).

A waiver for overstated long-term care premiums provides tax relief by correcting previously declared excess premiums, ensuring financial compliance.

The CP299C is an IRS penalty notice issued for claiming duplicate charitable deductions on tax returns, which could result in financial penalties.

Abatement for Overstated Health Insurance Premium Credits helps taxpayers correct exaggerated credits claimed for health insurance premiums, ensuring compliance with tax regulations.