Glossary

Penalty Recalculation Requests involve reviewing and correcting penalties imposed by tax authorities, ensuring fair treatment and accuracy in tax compliance.

IRS Form 941 Abatement Procedures refer to the processes for reducing or removing penalties associated with payroll tax misreporting or non-compliance.

Automated Notice Correction involves the IRS's systematic adjustment of tax returns to address identified errors. This process helps ensure accurate tax records.

The CP276B Penalty Notice informs taxpayers about penalties related to filing discrepancies or non-compliance. Understanding it ensures proper tax resolution.

Prepayment Penalty Adjustment relates to tax implications incurred from the early settlement of loans, affecting financial and tax planning.

IRS Penalty Dispute Mediation offers taxpayers a collaborative path to resolve disputes with the IRS over penalties, aiming for a fair, expedited agreement.

Abatement for Legal Disabilities refers to the potential reduction or elimination of tax liabilities for individuals who face significant legal disabilities. This tax relief helps ensure fairness and compliance in tax obligations.

The Taxpayer Late Filing Petition allows individuals or businesses to request leniency for late tax returns. It's a vital tool for avoiding penalties if deadlines are missed.

The Innocent Spouse Relief Application allows individuals to avoid liability for tax errors made by their spouse. It ensures protection against undue financial responsibility.

The CP13 Underpayment Adjustment Notice is issued by the IRS to inform taxpayers of changes due to underpayment. It's crucial for timely and accurate tax resolution.