IRS Exam\Collection Terms
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U.
Underpayment Penalty. A penalty for not having sufficient prepayment credits (withholding and/or estimated tax payments).
Underreporter Program (URP). URP cases are generated by a computerized matching process between amounts reported on tax returns and amounts reported by payers (e.g., Forms 1099). When potential discrepancies are found, the URP selects the return for further analysis.
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Tax
