Tax Penalty Abatement Attorney Services
IRS penalties and interest can cause a small delinquent tax debt to compound into a seemingly insurmountable amount within a very short period of time. Penalties alone can make up 25% of the amount you owe. Our experienced attorneys are experts in tax penalty abatement—we can get the IRS to completely or partially remove your penalty and reduce the amount you owe to help you get your tax debt resolved quickly.
In many tax debt cases, the Penalty and Interest portion of the tax debt is quite significant. If you are facing penalties for not filing or paying your taxes on time, you may be able to get those penalties removed (or even receive a refund on past penalties and interest) through penalty abatement or penalty adjustment. Abatement refers to eliminating an assessed tax liability, and adjustment references reducing or altering an assessed tax liability.
If there is a ‘reasonable cause’ for abatement or adjustment, the IRS may be willing to review the penalties which created a tax liability. Reasonable cause can include:
- Mailing the tax return or payment on time but writing the wrong address on the envelope; using the wrong amount of postage
- A death or illness in the family
- An error caused by an IRS employee
- The destruction of records by a fire, flood, or other catastrophes
In these unforeseen circumstances, you may be eligible for tax penalty relief. Our attorneys know how to approach your case to ensure the IRS will work with you. We’ll help you draft a payment arrangement that the IRS will accept. If there were circumstances beyond your control that prevented you from paying your tax debt and led to delinquency, we can challenge the penalties. Relief from penalties falls into four separate categories:
- Reasonable Cause
- Statutory Exceptions
- Administrative Waivers
- Correction in Service Error
If the IRS unfairly assessed penalties, don’t let your balance continue to increase. Contact our attorneys for tax penalty abatement assistance, so you can conquer your tax debt.