IRS Tax Penalties

IRS Tax Penalties create one of the biggest problems for taxpayers who are in arrears. The IRS tax penalties and interest that the IRS charges cause their debt to balloon so much that it becomes virtually impossible to ever get it paid off. Therefore, one of the best resolution tools available to taxpayers is the Penalty Abatement. 

Most people will qualify for Penalty Abatement as long as they can demonstrate that the request is valid.

How to Request Penalty Abatement from IRS Tax Penalties

The IRS will allow for removal of IRS tax penalties and interest (and possibly a refund of those IRS tax penalties already paid) when it can be proven that there were extenuating circumstances which contributed to the difficulty of paying off the tax debt – or if you had a good reason for falling behind in the first place. Essentially, the IRS wants to see "reasonable cause" for having not paid the taxes. Some acceptable reasons include:

·         Embezzlement or theft,

·         Fire, flood or other disasters out of your control, 

·         Bad accounting advice, 

·         Lost or destroyed records, 

and there are numerous others. You must also show "due diligence" and "no neglect" in your attempts to repay the debt by describing exactly what efforts you made to repay it. If you can show that you put forth a significant effort in this regard it can go a long way towards convincing the IRS to remove the IRS tax penalties from your debt amount. 

If you properly demonstrate a valid claim, following their own rules and guidelines, the IRS must accept your Penalty Abatement. Fresh Start Tax Resolution will help prepare your petition by using the IRS' own language and applying the relevant IRS Code to your specific circumstances. That’s the way to get results!

To find out if the Penalty Abatement for IRS Tax Penalties is right for you, CLICK HERE, or call  (888) 282-4697 today. 

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