Besides other IRS tax problem solutions that we offer, we often abate tax penalties assessed by the IRS for our clients. If there were circumstances beyond your control that prevented you from paying your IRS Tax Problems and led to delinquency, we can challenge the penalties and interest that have built up and negotiate them down. Relief from penalties falls into four separate categories. They are:
- Reasonable Cause – Mistake made by the taxpayer, ignorance of law, death, serious illness, unavoidable
- Statutory Exceptions – Simple or complex legislative tax code changes.
- Administrative Waivers – Undue hardship, fire, flood, natural disaster, bad legal/tax advice.
- Correction of Service Error – Mistake made by the IRS. Source IRS
Because relief from accrued penalties and interest is based more on stated representations rather than financial hardship, terms for a successful penalty abatement are very specific. More so than any other, this program involves a great deal of skill to successfully navigate the IRS protocol and bring resolution. If applied for correctly and effectively, results are substantial; savings are usually thousands of dollars for the average taxpayer. Our practice has years of experience and knows the secrets of this program.
Let the CPA staff at Lefstein-Suchoff & Associates help you solve your tax problems!