Penalty and Interest Abatement is important because Taxpayers facing large tax liabilities often see their debts increase significantly due to added penalties and interest. The IRS often applies various penalties and interest to unpaid back taxes making it more difficult for taxpayers to pay their federal tax debt. These penalties are mandated by the U.S. Tax Code and are most commonly assessed against taxpayers for nonpayment or underpayment of taxes, failure to timely file a tax return, and failure to make payroll tax deposits. In addition to interest that accrues on any unpaid tax, interest is also charged on the penalties themselves.
As your tax representative, we will conduct an in-depth review your tax transcripts to identify which penalties and interest have been assessed against you and, as applicable, seek a full or partial penalty and interest abatement resulting in an overall lower balance due. Should the IRS deny our request to remove the penalties and interest, we will prepare and submit a formal appeal and represent you in front of the Appeals Division. In additional to removing penalties and interest from your account, we will use our Preventative Approach℠ to ensure you have the knowledge and information you need to prevent penalties and interest in the future. As Licensed Enrolled Agents and former IRS Collection Officers, we know how the IRS works and how to protect you and your assets.
Not only are we licensed Tax Relief Specialists, we are also former Senior IRS Agents that now serve the best interests of taxpayers like you. All we do is handle IRS Tax Relief matters all day every day. Contact us today.
For immediate assistance with penalty and interest abatement or any other tax matter contact us now for a completely CONFIDENTIAL consultation. We look forward to serving you.