IRS CP523 Notice – Installment Agreement Default

What Is IRS Notice CP523? IRS Notice CP523 is sent when the IRS determines that you have defaulted on an existing installment agreement. This notice warns that the IRS plans to terminate your payment plan and may resume collection actions if the issue is not resolved. CP523 signals that a previously negotiated agreement is at […]

IRS Form 656 – Offer in Compromise Application

What Is IRS Form 656? IRS Form 656 is the agreement form used in an Offer in Compromise (OIC) request. It sets out the terms under which the IRS may accept less than the full amount of federal tax owed to settle a tax debt. Form 656 is not a stand-alone filing for most taxpayers. […]

IRS Form 843 – Claim for Refund and Request for Abatement

What Is IRS Form 843? IRS Form 843, officially titled Claim for Refund and Request for Abatement, is used to ask the Internal Revenue Service (IRS) to refund certain taxes or fees you paid in error or remove (abate) penalties or interest that were incorrectly charged or should not apply based on your circumstances. This […]