Glossary

The IRS Automated Notice Review is a process where the IRS systematically examines and addresses discrepancies or issues in taxpayer accounts to ensure compliance.

Abatement for Foreign Tax Complications refers to adjustments or exceptions granted to taxpayers dealing with complexities in international taxation to prevent double taxation and ensure compliance with foreign tax obligations.

The CP504A Notice is issued to alert taxpayers of an imminent levy due to unpaid taxes, indicating serious tax compliance issues needing urgent attention.

An insight into IRS waiver approval timelines, detailing the process, requirements, and significance in tax compliance and financial planning.

The CP134B Penalty Notice Adjustment is a crucial IRS notice aimed at rectifying penalties issued for tax filing discrepancies. Understanding it can help taxpayers address and resolve potential issues effectively.

Abatement for Multi-State Filing Errors allows taxpayers to seek relief from penalties incurred due to erroneous tax filings across different states.

Discover the penalties associated with underreporting income sources, their impact on tax obligations, and how to avoid them.

Relief for Tax Preparers' Errors is a provision aimed at protecting taxpayers from unintended errors made by professional tax preparers. It provides mechanisms for correction and penalty avoidance.

Abatement for Incorrect Wages Reported is a process allowing taxpayers to correct wage reporting discrepancies, potentially reducing tax liabilities and penalties.

Relief for Unforeseen Medical Expenses offers tax deductions or credits to taxpayers incurring unexpected medical costs, helping ease financial burdens.