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This issue snapshot summarizes what triggers a deemed distribution and when it can occur. See Treas. Reg. Section 1.72(p)-1.

Tax Tip 2022-45, March 23, 2022 — The April 18 deadline for individuals to file and pay their federal income tax is just around the corner. While paying taxes is not optional, the IRS offers a variety of ways for people to pay their taxes.

Get information about a federal tax lien, including how to get rid of a lien, how a lien affects you and how to avoid a lien.

You received this notice because we haven't received payment of your unpaid balance. This notice is your Notice of Intent to Levy (Internal Revenue Code section 6331 (d)). If you don't pay the amount due immediately, the IRS can levy your income and bank accounts, as well as seize your property or your right to property including your state income tax refund to pay the amount you owe.

We levied your assets for unpaid taxes and are informing you of your right to a Collection Due Process hearing.

We are trying to collect unpaid balances on your account.

Learn which types of tax payments, balance due notices and penalties you can pay through Direct Pay, when options are available, and things to consider when using Direct Pay.

We charged you a trust fund recovery penalty (TFRP) for willfully failing to collect, account for, pay over or otherwise evade paying employment or excise taxes.

If you received an IRS CP503 notice, the IRS has not heard from you regarding an unpaid balance on your tax accounts.

This page will help you figure out if and how you can apply for the Employee Retention Credit (ERC or ERTC) Voluntary Disclosure Program if you received the ERC but you are ineligible and need to repay it.