Understanding IRS enforcement terminology is the first step to addressing business tax debt. This glossary covers key terms related to IRS collection, business payroll tax, tax liens, levies, and the financing solutions available to resolve business tax debt.
All Tax Debt Glossary Terms
- Bankruptcy and Business Tax Debt — What Discharges and What Does Not — Definition | Tax Funds Glossary
- Business Dissolution With Outstanding Tax Debt — Definition | Tax Funds Glossary
- Business Entity Conversion and Tax Debt Transfer — Definition | Tax Funds Glossary
- Certificate of Discharge of Property from Federal Tax Lien — Definition | Tax Funds Glossary
- Certificate of Non-Attachment — When the IRS Lien Does Not Apply — Definition | Tax Funds Glossary
- Certificate of Release of Federal Tax Lien — Definition | Tax Funds Glossary
- Collection Due Process (CDP) Hearing — Definition | Tax Funds Glossary
- Collections Statute Expiration Date (CSED) — Definition | Tax Funds Glossary
- CSED Tolling — Events That Extend the IRS Collection Window — Definition | Tax Funds Glossary
- Currently Not Collectible — Business Tax Debt Applications — Definition | Tax Funds Glossary
- Currently Not Collectible (CNC) Status — Definition | Tax Funds Glossary
- Doubt as to Collectability (OIC Basis) — Definition | Tax Funds Glossary
- Employee Retention Credit (ERC) — Status and IRS Enforcement — Definition | Tax Funds Glossary
- Enrolled Agent (EA) — IRS Tax Representation Authority — Definition | Tax Funds Glossary
- Estate Tax Implications for Business Owners With Tax Debt — Definition | Tax Funds Glossary
- Federal Tax Lien (Notice of Federal Tax Lien) — Definition | Tax Funds Glossary
- Federal Tax Lien Priority — How Lenders Are Affected — Definition | Tax Funds Glossary
- Innocent Spouse Relief — IRS Tax Debt Protection for Spouses — Definition | Tax Funds Glossary
- IRS 941 Lookback Period — Determining Your Deposit Schedule — Definition | Tax Funds Glossary
- IRS Account Transcript — What Businesses Need to Know — Definition | Tax Funds Glossary
- IRS and Treasury Offset Program — Tax Refund Seizure — Definition | Tax Funds Glossary
- IRS Asset Seizure — Business Property and Real Estate — Definition | Tax Funds Glossary
- IRS Audit Reconsideration — Definition | Tax Funds Glossary
- IRS Audit Statute of Limitations — 3-Year, 6-Year, and No Limit — Definition | Tax Funds Glossary
- IRS Automated Collection System (ACS) — Definition | Tax Funds Glossary
- IRS Bank Levy — Definition | Tax Funds Glossary
- IRS Bulk Sales Notice — Business Purchase with Tax Liability — Definition | Tax Funds Glossary
- IRS Collection Appeals Program (CAP) — Definition | Tax Funds Glossary
- IRS Collection Statute of Limitations (10-Year Rule) — Definition | Tax Funds Glossary
- IRS CP2000 Notice (Underreporter Inquiry) — Definition | Tax Funds Glossary
- IRS CP90 (Final Notice of Intent to Levy) — Definition | Tax Funds Glossary
- IRS Direct Debit Installment Agreement (DDIA) — Definition | Tax Funds Glossary
- IRS Equivalent Hearing — Late CDP Alternative — Definition | Tax Funds Glossary
- IRS Examination Protest — Disputing an Audit Finding — Definition | Tax Funds Glossary
- IRS Failure to Deposit Penalty (941 Payroll Tax) — Definition | Tax Funds Glossary
- IRS Financial Update Requirements During Collection — Definition | Tax Funds Glossary
- IRS Form 12153 (Request for CDP Hearing) — Definition | Tax Funds Glossary
- IRS Form 2751 (Proposed Assessment of TFRP) — Definition | Tax Funds Glossary
- IRS Form 2848 — Power of Attorney and Tax Representation — Definition | Tax Funds Glossary
- IRS Form 4180 — TFRP Interview and Responsible Person Investigation — Definition | Tax Funds Glossary
- IRS Form 433-A — Individual Collection Information Statement — Definition | Tax Funds Glossary
- IRS Form 433-B — Business Collection Information Statement — Definition | Tax Funds Glossary
- IRS Form 668-A (Notice of Levy on Bank Accounts) — Definition | Tax Funds Glossary
- IRS Form 668-W (Notice of Levy on Wages, Salary, and Other Income) — Definition | Tax Funds Glossary
- IRS Form 8821 — Tax Information Authorization — Definition | Tax Funds Glossary
- IRS Form 940 (FUTA — Federal Unemployment Tax) — Definition | Tax Funds Glossary
- IRS Form 941 (Quarterly Payroll Tax Return) — Definition | Tax Funds Glossary
- IRS Form 941 Filing Requirements — Definition | Tax Funds Glossary
- IRS Form 944 (Annual Employment Tax Return) — Definition | Tax Funds Glossary
- IRS Fresh Start Program — Definition | Tax Funds Glossary
- IRS Hardship Deferral — Temporary Relief for Businesses — Definition | Tax Funds Glossary
- IRS Installment Agreement — Definition | Tax Funds Glossary
- IRS Installment Agreement Default — Consequences and Reinstatement — Definition | Tax Funds Glossary
- IRS Levy Appeal Procedures — CAP and CDP Options — Definition | Tax Funds Glossary
- IRS Levy Exemptions — What the IRS Cannot Seize — Definition | Tax Funds Glossary
- IRS Levy Release — Definition | Tax Funds Glossary
- IRS National and Local Standards — Expense Allowances in Collection — Definition | Tax Funds Glossary
- IRS Notice CP503 (Second Notice — Unpaid Balance) — Definition | Tax Funds Glossary
- IRS Notice CP504 (Final Notice Before Levy) — Definition | Tax Funds Glossary
- IRS Offer in Compromise Rejection — What Happens Next — Definition | Tax Funds Glossary
- IRS Office of Appeals — The Independent Review Alternative — Definition | Tax Funds Glossary
- IRS Payment Allocation Rules — Trust Fund vs. Non-Trust Fund — Definition | Tax Funds Glossary
- IRS Payroll Tax Deposit Methods — EFTPS Requirements — Definition | Tax Funds Glossary
- IRS Penalty Abatement — Definition | Tax Funds Glossary
- IRS Penalty Relief Programs — Reasonable Cause and Special Provisions — Definition | Tax Funds Glossary
- IRS Private Debt Collection — What Businesses Need to Know — Definition | Tax Funds Glossary
- IRS Revenue Officer — Definition | Tax Funds Glossary
- IRS Streamlined Filing Compliance Procedures — Definition | Tax Funds Glossary
- IRS Tax Clearance — Government Contract Compliance — Definition | Tax Funds Glossary
- IRS Tax Lien Foreclosure — The Nuclear Option — Definition | Tax Funds Glossary
- IRS Technical Advice Memorandum — Business Tax Guidance — Definition | Tax Funds Glossary
- IRS Wage Garnishment (Business Owner) — Definition | Tax Funds Glossary
- IRS Worker Classification — Employee vs. Independent Contractor — Definition | Tax Funds Glossary
- LLC Tax Debt — Member Liability and Payroll Tax — Definition | Tax Funds Glossary
- Notice of Levy (IRS Levy on Wages, Bank Accounts, and Receivables) — Definition | Tax Funds Glossary
- Offer in Compromise — Doubt as to Liability — Definition | Tax Funds Glossary
- Offer in Compromise (OIC) — Definition | Tax Funds Glossary
- Payroll Tax Deposit Schedule (941 Deposits) — Definition | Tax Funds Glossary
- Payroll Tax Pyramiding — The Escalating 941 Debt Crisis — Definition | Tax Funds Glossary
- PEO (Professional Employer Organization) and Payroll Tax Liability — Definition | Tax Funds Glossary
- Qualified Offer — IRS Tax Court Litigation Strategy — Definition | Tax Funds Glossary
- Responsible Person (IRS TFRP Definition) — Definition | Tax Funds Glossary
- S-Corporation Payroll Tax Obligations — Owner Salary Requirements — Definition | Tax Funds Glossary
- Sales Tax Nexus — Multi-State Compliance for Businesses — Definition | Tax Funds Glossary
- SBA Loan Eligibility and Tax Compliance Requirements — Definition | Tax Funds Glossary
- State Business Tax Lien — Definition | Tax Funds Glossary
- State Tax Lien vs. Federal Tax Lien — Priority and Resolution — Definition | Tax Funds Glossary
- Tax Debt Financing (Business Tax Payoff Loan) — Definition | Tax Funds Glossary
- Tax Lien Subordination (Certificate of Subordination) — Definition | Tax Funds Glossary
- Trust Fund Recovery Penalty (TFRP) — Definition | Tax Funds Glossary
- Trust Fund Taxes (941 Payroll) — Definition | Tax Funds Glossary
- Types of IRS Audits — Correspondence, Office, and Field Examinations — Definition | Tax Funds Glossary
- US Tax Court — Business Tax Debt Litigation — Definition | Tax Funds Glossary
- Why Traditional Banks Reject Businesses With Tax Debt — Definition | Tax Funds Glossary
- Willfulness (IRS TFRP Standard) — Definition | Tax Funds Glossary
- Withdrawal of Notice of Federal Tax Lien — Definition | Tax Funds Glossary