Glossary

CP90C Notice

What is a CP90C Notice and What Does it Mean?

A CP90C notice is a final notice from the IRS informing you that they intend to levy, or seize, your assets due to unpaid taxes. This is not the first notice the IRS sends, but the last before taking action. Receiving a CP90C means the IRS has tried to resolve your tax debt, but has not received full payment or entered into a payment plan, so now they are giving you one last chance to avoid asset seizure.

  1. Glossary Article

Recommended for You

Filing Extension Penalty Relief

Filing Extension Penalty Relief allows taxpayers to avoid penalties when they fail to file on time under certain conditions. It's a critical tool in tax compliance and debt resolution.

Priority Lien Resolution Services

Priority Lien Resolution Services are designed to assist taxpayers in effectively resolving liens, ensuring compliance with tax obligations, and avoiding potential legal penalties.

CP504H Notice

The CP504H Notice is an IRS alert indicating an outstanding tax debt subject to collection actions unless resolved promptly.

CP21 Notice

A CP21 Notice from the IRS means they've adjusted your tax account, often because of an error or correction they made to your tax return. Understanding this notice is key to managing your tax responsibilities.

Redemption Fee Disputes

Redemption Fee Disputes arise when disagreements occur over the fees charged for redeeming certain investments, impacting taxpayers through potential IRS scrutiny and financial implications.

CP503AF Reminder

The CP503AF Reminder is a notice sent by tax authorities to alert taxpayers about overdue payments or unresolved tax issues. It emphasizes the importance of prompt resolution to prevent penalties and interest charges.

CP504J Notice

The CP504J Notice is a critical IRS communication, alerting taxpayers to unpaid taxes and potential collection actions. Understanding it is key to maintaining compliance and avoiding penalties.

Business Data Monetization Tools Deduction

Business Data Monetization Tools Deduction refers to tax deductions businesses can claim for expenses incurred in using tools for monetizing their data. This entry covers how businesses can leverage these deductions to manage their financial obligations effectively.