Tax Debt Penalty Abatement


The Penalty and Interest portion of IRS tax debt can be quite significant in many tax debt cases. If you are facing penalties for not filing or paying your taxes on time, you may be able to get those penalties removed through penalty abatement or penalty adjustment. Abatement refers to eliminating an assessed tax liability and an adjustment refers to 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 could be that you lost your paperwork, or it was stolen from you by a spouse or a disgruntled former partner. Reasonable cause could be that there was a death in the family, or you were a victim of a crime.

We can work with you to make payment arrangements that the IRS will allow. If there were circumstances beyond your control that prevented you from paying your tax debt and led to delinquency, we can challenge the penalties and interest that have built up. Relief from penalties falls into four different categories: Reasonable Cause, Administrative Waivers, Statutory Exceptions and Correction in Service Error.

We have the education and experience to provide tax penalty abatement in your tax debt case. We would love to discuss your options with a free tax consultation at 605-646-3585.


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