An Offer in Compromise (OIC) is an agreement between a taxpayer and the IRS that allows the taxpayer...
A Partial Payment Installment Agreement (PPIA) is an option from the IRS for taxpayers who can't afford...
A Substitute for Return (SFR) is a tax return the IRS creates on your behalf when you fail to file your...
The IRS Notice CP14 informs you that you owe money to the IRS. Understanding this notice and responding...
An IRS Notice CP501 is a reminder that you owe taxes to the IRS. It's important to understand this notice...
A CP90 Notice is the IRS's final warning that they intend to seize your assets to pay off your tax debt....
A delinquent return is a tax return that is filed after its official deadline. Filing late can lead to...
The failure to file penalty is a charge by the IRS when you don't submit your tax return on time. Understanding...
The failure to pay penalty is a fee the IRS charges when you don't pay your taxes on time. Understanding...
Form 1099-C reports when a lender forgives a debt you owe. This forgiveness can be considered taxable...