Automated Tax Credit - Tax Debt Resolution

Glossary

IRS Hardship Relief Provisions

IRS Hardship Relief Provisions offer financial relief to individuals facing significant economic difficulty, allowing for reduced payment plans or deferment of tax obligations.

CP49 Refund Offset Penalty Appeal

The CP49 notice involves offsetting a taxpayer's refund to cover their outstanding tax debt. Understanding the appeal process is crucial for those disputing the penalty or offset.

Payment Agreement Default Penalty

Payment Agreement Default Penalty refers to the fees incurred when a taxpayer fails to adhere to the terms of a tax payment agreement. Understanding this penalty is crucial for maintaining tax compliance and avoiding additional financial burdens.

Abatement for Unreported Income

Abatement for Unreported Income offers taxpayers relief from penalties on income they failed to report, provided they meet specific criteria and comply with IRS regulations.

CP11 Penalty Notice Resolution

The CP11 Penalty Notice is issued by the IRS to inform taxpayers of penalties due to discrepancies in tax filings, highlighting necessary corrections and compliance actions.

Failure-to-Sign Penalty Waiver

The Failure-to-Sign Penalty Waiver addresses penalties incurred from unsigned tax returns, providing relief if criteria are met. Understand its components and significance.

Taxpayer Support Hotline

The Taxpayer Support Hotline is a dedicated helpline designed to assist taxpayers with questions about their tax obligations, filing processes, and IRS communications. It provides guidance to navigate through complex tax laws and resolve issues efficiently.

CP23 Penalty Adjustment Notice

The CP23 Penalty Adjustment Notice is issued by the IRS to notify taxpayers of changes in penalties due to adjustments in their tax accounts. This notice outlines any corrections made by the IRS, the impact on penalty amounts, and the next steps for affected taxpayers.