IRS Penalty Abatement
If you have an excessive amount of tax debt, the offer in compromise isn’t the only arrangement you can make with the Internal Revenue Service. When special circumstances have prevented you from paying your debts, resulting in penalties and fees, you may qualify for IRS penalty abatement. The penalties, interest and additional charges are quick to pile up and they may have become the bulk of your delinquent tax debts. If this sounds like your situation, Tax Relief Specialists can help you qualify for IRS penalty abatement. But if you don’t act soon the tax authorities will do whatever it takes to get their money back, including seizing your property and tapping your bank accounts.
There are four situations that will qualify you for IRS tax penalty abatement:
Administrative Waivers – When taxpayers have been victims of undue hardship, fire, flood, natural disasters or bad legal/tax advice, their penalties may be waived
Correction of Service Error – If the IRS makes a mistake they are obligated to correct it
Reasonable Cause – When the taxpayer makes an honest mistake, was ignorant of the law, had a serious illness, experienced the death of a loved one or had an unavoidable absence, it is considered cause for tax relief
Statutory Exceptions – If there have been either simple or complex legislative tax code changes, the resulting penalties should be abated.
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If any of these situations applies to you, Tax Relief Specialists can negotiate with the Internal Revenue Service and have your penalties and even some of the interest on your debt eliminated. If you are unable to pay your debt because the penalties and interest have gotten so out of control, now making up the bulk of your debt, there are provisions within the law to give you tax relief. Putting together a successful request for IRS penalty abatement requires very specific knowledge and experience, because if you don’t state your position well the IRS will deny your application and send you back to square one. We understand the calculations that the Internal Revenue Service uses and can figure out exactly what they will agree to before we submit your case. The team at Tax Relief Specialists has been able to save thousands of dollars for numerous clients and we can do the same for you, but first you need to give us a call.
Call now at 1-800-405-8360
We can begin the IRS tax penalty abatement process immediately.
As soon as you call Tax Relief Specialists you will have a personal tax relief professional assigned to your case. Just make sure to tell them about any certified mail or other alarming forms of communication from the Internal Revenue Service, as this may affect which actions we take with your case. We will explain what your options are and whether IRS penalty abatement is a good choice for you. Our job is to get you out of debt and provide the tax relief you need. Call today or fill out our quick online application and have one of our tax professionals contact you as soon as possible.


