IRS penalties and interest can cause a small delinquent tax debt to compound into an unmanageable amount within a very short period of time. Penalties alone can make up to 25% of the amount you owe. Our experienced tax professionals are experts at penalty abatement by getting the IRS to either completely or partially remove your penalty. This will reduce the amount you owe and help you get your tax debt resolved quickly.
The IRS has a broad definition of abatement, with the requirement that you meet one of these three basic reasons:
- Reasonable cause
- Administrative waivers
- A mistake by the IRS
While “reasonable cause” will depend on your particular situation, usually you will qualify if there were factors out of your control involved in your not paying your tax debt. For example:
- Major illness
- Destruction or theft of your records
- Death in the family
- Disaster (such as a hurricane, earthquake, flood, etc.)
- Lengthy unemployment
- Divorce or other major life disruption
Don’t pay IRS penalties unnecessarily. US Tax Shield will help you determine your best option and then deal with the IRS for you. We can save you money by helping you reduce your penalties and get you the best possible outcome.
You Have a Right to Tax Representation
If you have been contacted by the IRS or your state’s Department of Taxation, or have received tax liens, levies, or notices of IRS intention to do so, call 877-829-3535 today for your free 15 minute tax analysis and consultation.