Glossary

Relief for overstated business energy credits provides taxpayers with the necessary measures to address and correct discrepancies in claims for energy-related tax credits, ensuring compliance and minimizing potential tax liabilities.

A waiver for duplicate estimated tax payments helps taxpayers request relief when mistakenly making double payments, preventing unnecessary penalties and interest.

The CP274G penalty addresses errors in reporting state tax refunds on federal tax returns. Understand its implications and how to avoid penalties.

Explore relief options available for taxpayers who have miscalculated the child care credit on their tax returns, ensuring compliance and avoiding penalties.

Abatement for Duplicate Federal Tax Deposits refers to the IRS procedure allowing taxpayers to correct overpaid deposits, thus avoiding penalties and ensuring accurate filing compliance.

The CP286 notice penalizes taxpayers for late excise tax payments. Understanding this ensures timely compliance and avoids financial penalties.

Relief for overstated itemized deductions helps taxpayers correct discrepancies and avoid penalties by adjusting inaccuracies in claimed deductions on tax returns.

The 'Waiver for Incorrect Dependent Exemptions' helps taxpayers address mistakes on their dependent claims, potentially avoiding penalties.

Abatement for Duplicate Quarterly Tax Filings helps taxpayers rectify duplicate tax submissions, avoiding penalties and ensuring compliance with tax authorities.

CP278A refers to penalties imposed by the IRS for inaccuracies in claiming educational tax credits on a tax return.