6 Terms in the IRS Collection Process You Should Know
No one enjoys dealing with the IRS tax collection process, so few people are well-versed in tax collection terminology. But when you find yourself entangled in unpaid tax debts, you need to understand what all the various terms mean and how they affect you. To help you navigate your own debt challenges, here is a short guide to six key terms you’ll encounter along the way.
1. CP14 Notice
The IRS has a wide variety of form notices and letters to convey different messages to taxpayers. One important notice for collections purposes is known as CP14. (more…)