Did you receive a notice from the Internal Revenue Service saying you owe a penalty? Since there are over 150 different kinds of IRS penalties, it is important that rather than just blindly paying the amount the IRS says you owe, you take the time to learn why the IRS is charging you the penalty and determine whether the notice is correct, or if the information they have is in error. If you do not agree with the facts of the letter or wish to try to get the penalty reduced or eliminated, in many cases you can get the penalty wholly or partially removed. It is important you respond timely to Internal Revenue Service notices to ensure you retain all your rights. We have assisted hundreds of taxpayers in having their penalties reduced or eliminated. If you have any questions you would like additional information, give us a call at 1-800-408-3122 or email us at firstname.lastname@example.org.
Understanding Penalty Abatement
A penalty abatement is a tax problem resolution designed to fully eliminate or lessen the degree of IRS penalties. The IRS penalties can roll out penalties that range from imprisonment to civil fines. Those fines can be over 25 percent of the total owed to the IRS.
If you have tried applying for an offer in compromise and it was rejected, penalty abatement is the next best tax problem resolution to consider. You can use it when negotiating repayment terms or an installment agreement.
How can we help you?
We can work with you to make payment arrangements that the IRS will allow. If there were circumstances beyond your control that prevented you from paying your tax debt and led to delinquency, we are able to challenge the penalties and interest that have built up. Relief from penalties falls into four separate categories: Reasonable Cause, Statutory Exceptions, Administrative Waivers, and Correction in Service Error.
Penalty Abatement can be the best solution in resolving IRS Tax Debt, and we can help you determine if this may be an option for you.