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Penalty Abatement

IRS Penalty Abatement

In many cases involving a tax debt, interest & penalties accrue to become a very significant portion of the total amount due.

With IRS penalty abatement, we will work hard so that it can be either eliminated altogether or adjusted to something much more reasonable.

This tax relief option can be one of the most significant savings vehicles for a taxpayer when it comes to resolving IRS tax debt. Getting the proper representation with the IRS typically leads to a very favorable outcome.

What is Penalty Abatement?

First Time IRS Tax Penalty Abatement is the opportunity for typically compliant taxpayers (individual or business) to request reduction or removal of certain tax penalties that the IRS has charged them for the first time. For example, if you have paid and filed your taxes for the past three years, but recently, you had some financial issues and the IRS charged you IRS tax penalties, you can request First-Time IRS Tax Penalty Abatement. 

 

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