Automated Tax Credit - Tax Debt Resolution

Glossary

Form 433-F – Collection Information Statement (Simplified Form)

Form 433-F, the Collection Information Statement (Simplified Form), is an IRS document used to gather information about your financial situation when you owe back taxes, helping the IRS determine how you might be able to repay your debt. It's a simplified version of a more detailed form.

Form 2555 – Foreign Earned Income

Form 2555 allows U.S. citizens and residents working abroad to potentially exclude some of their foreign-earned income from U.S. federal income tax. This form is crucial for reducing the tax burden on Americans living and working overseas.

Form 3800 – General Business Credit

Form 3800, the General Business Credit, is a way for businesses to claim various tax credits to reduce their overall tax liability. This form is used to combine multiple business credits into one manageable calculation.