Glossary

IRS Form 8379, the Injured Spouse Allocation, is used when you're due a tax refund, but your spouse has past-due debts like student loans or child support. It helps you claim your portion of the refund.

IRS Form 8857 is used to request relief from tax liabilities, penalties, and interest resulting from the errors of a spouse or former spouse. It can help protect you from the tax burden created by your partner.

IRS Form 433-F, also known as the Collection Information Statement, is a form used by the IRS to gather details about your financial situation if you owe back taxes. It helps them determine your ability to pay and explore possible payment options.

IRS Letter 3172 is a formal notification that the IRS has filed a federal tax lien against your property. This letter also informs you of your right to request a hearing about the lien.

Form 4868 is an IRS form that allows you to request an automatic extension of time to file your individual income tax return. This doesn't give you extra time to pay, just extra time to file.

IRS Form 940 is used by employers to report their annual federal unemployment (FUTA) tax liability. This form helps fund unemployment benefits for workers who have lost their jobs.

IRS Form 944 is an annual tax form that certain small employers use to report their federal employment taxes. It simplifies the process for very small businesses with low tax liabilities.

A Federal Tax Deposit (FTD) is how businesses pay certain federal taxes. It’s a key part of staying compliant with IRS rules.

An IRS Notice CP504 is a serious final warning from the IRS indicating they intend to seize your assets to pay overdue taxes. It's crucial to understand and respond quickly to avoid a tax levy.

IRS Notice CP521 is a reminder notice from the IRS about your existing installment agreement, which is a payment plan for your tax debt. It's important to understand this notice so you can stay on track and avoid penalties.