Automated Tax Credit - Tax Debt Resolution

Glossary

Abatement for Economic Hardship

Abatement for Economic Hardship provides tax relief for individuals experiencing financial difficulties by reducing or eliminating tax liabilities.

CP09 Penalty Notice Explanations

The CP09 Penalty Notice is an IRS communication that informs taxpayers of potential penalties due to discrepancies in tax credit claims, necessitating timely corrections.

CP503 Penalty Collection Notice

The CP503 Penalty Collection Notice is an IRS notification urging taxpayers to pay their outstanding balance. It is crucial to resolve this promptly to avoid further penalties.