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IRS Penalty Abatement

An IRS Penalty Abatement is a way to lower or remove the penalties and interest accrued on IRS back taxes. If you are delinquent on your taxes for the first time, you may qualify. There are a few provisions mandatory, to meet the requirements, so if you have questions, contact New York Tax Attorney Service at (347) 535-4017 to be connected with a tax professional.

What is an IRS Penalty Abatement?

An IRS Penalty Abatement is considered a way to lower the amount of the tax payment you owe the IRS. Depending on the reason that you were assessed a penalty fee, the IRS can choose to remove or lower those penalties and possibly interest.
GET A FREE CONSULTATION ON AN IRS PENALTY ABATEMENT. CALL (347) 535-4017!

Reasons for IRS Penalty Abatement:

  • Natural disaster
  • Serious Illness or Death
  • IRS Error
  • Written advice from the IRS
  • Undue hardship
  • Ignorance of the law
  • Reasonable Cause
These are just a few of the reasons that the IRS will consider penalty abatement, and naturally, the IRS will evaluate every situation on a case-by-case basis. There are many other reasons that IRS may choose to lower the penalties and interest, and you can find more reasons on the IRS website or contact a tax professional at (347) 535-4017.
The IRS is not known for being nice, but they will try and work with you. If you are delinquent on your taxes, you have many options available to help you pay them. If you do not qualify for the penalty abatement, you will probably still qualify for an installment agreement, or a payment plan. For more information on tax relief, visit this page.
CALL (347) 535-4017 TO SPEAK WITH A TAX CONSULTANT & FIND OUT YOUR OPTIONS FOR
AN IRS PENALTY ABATEMENT.

First Time Penalty Abatement:

For a tax payer who is delinquent for the first time, the IRS First Time Penalty Abatement can be a good option. The individual must have a 3 year clear penalty history plus all taxes must be filed and up to date. The individual must also have paid or set up an agreement to pay all owed taxes. In short, if you always file and pay your taxes in a timely manner, and this is the first time you have been delinquent, you should try for the IRS Penalty Abatement.
The failure to file and failure to pay penalties can add up quickly, and this option can help reduce the total amount you owe the IRS. Just make sure to continue making your scheduled payments, so the IRS doesn’t tack on any other penalties.

Get help now with your IRS Penalty Abatement

Owing delinquent taxes is a very common occurrence and can happen to anyone. There are multitudes of reasons for a person to fall behind, or not be able to pay the full amount owed. With the penalties and interest that accrue on top of the original amount, the sum can get out of hand quickly. Contact New York Tax Attorney Service at (347) 535-4017 to find a qualified tax consultant if you live in New York City, and .
IF YOU NEED MORE INFORMATION ABOUT IRS PENALTY ABATEMENTS, CALL (347) 535-4017!
 
 

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Are you wondering if an IRS penalty abatement might be the right thing for you? Call (347) 535-4017 to be connected to a tax consultant who will give you a free consultation so that you know what your options are. Call (347) 535-4017 right now! New York Tax Attorney Service will get you the people you need to help you whether it is an IRS penalty abatement, or any other IRS debt issues.