The IRS is required by law to remove penalties and associated interest when the citizen had a good reason to file and/or pay late. If you qualify, the IRS will abate (remove) some or all of the penalties on a citizens’ tax liability. Think you need a Tax Attorney/Lawyer….Think Again..One of the most common complaints from delinquent taxpayers is snowballing tax penalties and interest. This problem can quickly escalate, as your accumulation can double the amount of tax owed very quickly.
Current IRS rules allows for abatement (removal) of tax penalties and interest or a refund when there were extenuating circumstances contributing to this problem, or if you had a good reason for falling behind in the first place. In order to accomplish this, you will have to show the IRS that you had “reasonable cause” for not paying taxes.
What qualifies as reasonable cause? It depends on the circumstances involved in your situation. The IRS procedures for deciding who qualifies for a penalty abatement and for what reason seem to differ in each case. The following are just a few circumstances under which you can qualify for penalty abatement. This is not a complete list, it is only a list of some of the most common reasons.
– Embezzlement or theft.
– Fire, flood, windstorm, riot or other disaster beyond your control.
– Bad accounting advice.
– Serious health ailment.
– Serious health ailment of a family member.
– Death of a close family member
Total Tax Solutions must also show the taxing authorities that you showed “due diligence” and “no neglect” in attempts to repay the debt. We describe to the IRS exactly what efforts were made to repay the debt. If Total Tax Solutions shows a consistent or significant effort in this regard it’s often enough to recoup all, or a significant portion of your tax penalties. To find out if you qualify for a penalty abatement, call (954) – 946 – 4142 today.
For prompt evaluation of your case, we encourage you to register for our IRS Account Analysis .
With an IRS Account Analysis from our office, we can conduct a thorough evaluation of your record of account with accurate recommendations based on our findings. If we find errors, you can rest assured that by engaging our services, our office will act as your representative and resolve your IRS problems on your behalf.