Glossary

The CP259F Notice outlines penalties for late filing of farm returns, ensuring compliance with tax obligations to avoid costly interest and fines.

Abatement for missed estimated quarterly payments involves relief from penalties imposed by the IRS on taxpayers who underpay their estimated tax liability. It is essential for maintaining compliance and avoiding excessive fines.

The CP223 notice informs taxpayers of penalties due to missed tax payments, outlining any additional tax liabilities and necessary corrective actions.

Abatement for Incorrect Reporting of State Taxes Paid helps taxpayers correct errors and avoid penalties, ensuring accurate tax compliance.

Relief for Misreported Medical Expense Deductions assists taxpayers in rectifying errors and avoiding penalties for incorrect medical expense claims on tax returns.

A 'Waiver for Unreported Gifts Above Exemption Threshold' provides relief for taxpayers who unintentionally exceed the IRS's gifting limits and face potential taxation and penalties.

CP178 penalty is imposed on corporations for late tax payments, signifying the financial repercussions of missing IRS deadlines and emphasizing timely compliance.

Abatement for Incorrect Filing Status allows taxpayers to rectify errors in their filing status, potentially reducing penalties while ensuring compliance with tax regulations.

Explore the relief options for small businesses that have missed opportunities to claim tax credits, ensuring compliance and maximizing financial benefits.

The CP137 Notice is issued by the IRS to alert taxpayers about a duplicate Social Security Number (SSN) filing. It outlines necessary steps to resolve potential issues and maintain compliance.