If you pay your taxes late or you must pay taxes using an installment plan the IRS will hit you with various penalties. The amount of these penalties will vary depending on how much you owe. These penalties can add up very quickly and greatly increase an already burdensome tax liability.
There are ways for individuals to have the penalties reduced or removed with the use of a penalty abatement. In order to have your penalties removed or reduced you have to meet a few qualifications. The primary qualification is that you must have a legitimate reason for filing late or not paying your taxes on time. These reasons include, but are not limited to:
There are other reasons as well; these are just the most common. The IRS takes penalty abatements on a case by case basis so it is imperative that you make the best case possible when it comes to applying for a penalty abatement.
Our tax experts have many years of experience dealing with the IRS. We have helped plenty of clients with their tax problems. We can provide you with professional, aggressive representation in dealing with the IRS to help you solve your tax problems including, but not limited to, penalty abatements. IRS problems will not go away on their own! The longer you wait to take action the worse it can get. Call toll free 1-866-499-1156 Mon-Fri 6am-6pm to speak to one of our professional tax experts and get a FREE evaluation so we can better serve your tax relief needs.