Automated Tax Credit - Tax Debt Resolution

Glossary

Penalty Waiver Appeal Deadlines

Learn about tax penalty waiver appeal deadlines, their significance, and procedures for appealing IRS penalty decisions to avoid further penalties.

Abatement for Spouse Illness

Abatement for Spouse Illness is a tax relief provision allowing taxpayers to seek penalty relief when their financial or filing abilities are hindered by a spouse's illness.

CP504B Penalty Notice

The CP504B Penalty Notice is issued by the IRS to inform taxpayers of unpaid taxes and impending actions like levies if the balance isn't settled promptly.

IRS Compliance Reviews

IRS Compliance Reviews are evaluations conducted by the IRS to ensure that taxpayers adhere to tax laws and regulations. These reviews play a crucial role in maintaining financial compliance and can have implications for tax resolution.

Reasonable Basis Standard

The Reasonable Basis Standard is a tax compliance measure that helps taxpayers ensure their positions have a standing strong enough to avoid penalties.

IRS Form 2210 Waiver Request

The IRS Form 2210 Waiver Request applies to underpayment of estimated taxes, allowing eligible taxpayers to request waivers for related penalties under specific conditions.