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IRS PENALTY ABATEMENT

The Penalty Abatement is another popular settlement option that can potentially cut thousands of dollars off a taxpayer's IRS debt. When the IRS becomes aware that a taxpayer owes back taxes, they assess Penalties and Interest to that taxpayer's account automatically as a means of enforcing compliance and punishing neglect. Whether fair or not, IRS Penalties often exacerbate the tax debt to a level where it becomes unpayable. To make matters worse, the IRS attaches interest charges on the Penalty portion of the tax debt as well as on the principle, increasing the speed at which the debt will grow if left unpaid.

If you have been assessed Tax Penalties by the IRS because you fell behind on your taxes, you may not have to pay all of them back to the IRS if you had a good reason for not filing or paying the tax in the first place. In fact, you may not even owe any Tax Penalties at all if they were assessed to you unfairly by the IRS. Unfortunately, when it comes to Tax Penalties, you are assumed guilty until you can show them that you do not deserve to be charged these excessive Penalties. A Penalty Abatement request is the best way remove Tax Penalties from your debt. Washington Tax Services specializes in preparing Penalty Abatement Requests and we have an excellent success rate. You may even get Penalties you have already paid refunded back to you by the IRS.

When the IRS assesses Penalties to taxpayers, those Tax Penalties are added automatically to the taxpayer's account by the IRS computer systems. Because of this, Penalties are frequently added to the debt without taking the individual's circumstances into account. Even if you had a acceptable reason for not paying your taxes on time, it is can be difficult to get Tax Penalties removed without professional help. If you would like to discuss your options for Removing Tax Penalties, please call one of our Tax Specialists 888-282-4697

Penalty Abatement

IRS Penalties can turn even a modest tax debt into an insurmountable burden, but it is sometimes possible to have Penalties removed from the debt. Our FREE Consultation service can tell you your odds of success for Penalty Abatement:

 

 

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SUBMITTING A PENALTY ABATEMENT REQUEST

IRS Penalties are generally quite difficult to remove because of the punitive intent behind them, and also because a taxpayer is generally considered guilty until proven innocent.  But if you can demonstrate to the IRS that there were reasonable circumstances for having gotten into the debt in the first place, and that you have shown "no neglect" and "due diligence" in trying to pay back the tax, then you may have a good chance at an IRS Penalty Abatement.  Essentially, the IRS wants to see that you have made some effort in trying to resolve the matter, and haven't just been hiding from the Taxman all this time. 

There are many acceptable reasons that will qualify a taxpayer for Penalty Abatement, but the IRS will not give relief simply because you request it. The more proof you have to support your claim, the better your odds of success. For instance, if you experienced a fire or flood that destroyed your financial records, then a police or insurance report detailing the event would go a long way to proving your case. But just because you don't have this kind of hard evidence doesn't mean you won't qualify - although a specific procedure is required when filing a Penalty Abatement, eventually your Request must be evaluated by a human being whose own discretion will determine acceptance. The important thing is to argue your case using the relevant sections of the IRS Code to your advantage.  

At #1 Tax Relief, we know what must be done to get your Penalty Abatement request accepted.  It is our mission to write the most effective Tax Relief requests in the industry - and we've been doing exactly that for nearly 15 years!

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