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IRS Penalty Abatement

IRS Penalty Abatement

There are substantial interest charges and penalties the IRS delegates to taxpayers who file late. Interest and penalties can also be added to your debt if you unintentionally file a falsified tax return. However, taxpayers who owe back taxes are eligible to request an IRS penalty abatement. An IRS penalty abatement is essentially a penalty removal. The IRS grants a taxpayer a penalty abatement and relieves them from failure-to-file, failure-to-pay, and failure-to-deposit penalties. Upon meeting specific criteria, the taxpayer is no longer held responsible for the fees.

HOW TO QUALIFY FOR AN IRS PENALTY ABATEMENT

Getting the IRS to remove all penalties from your tax debt can sound too good to be true. And sometimes, it is too good to be true. But other times, it isn’t. There are some strict criteria that taxpayers must meet to qualify for penalty abatement. To be approved, you must prove that you have a reasonable cause for filing or paying your taxes late. Some of these reasonable causes are natural disasters, medical expenses, or other emergencies.

Additional qualifying circumstances include if the IRS made a mistake on your tax return or delayed your return. In other cases, the IRS may have given you the wrong advice that led to penalties. If you have this advice in writing, that can also be used to apply for penalty abatement. You want to put your best foot forward when presenting your case to the IRS. It’s a smart decision to seek out help from tax resolution firm Platinum Tax Defenders to represent you.

IRS PENALTY ABATEMENT FOR FIRST-TIMERS

There are several ways for taxpayers to request relief from penalties. It’s advisable to consult with tax resolution firm Platinum Tax Defenders before applying for an IRS penalty abatement. Here are the standard methods by which taxpayers may use for penalty abatement:

  • File a penalty non-assertion request.
  • Retroactively request a penalty abatement
  • You can file for an IRS penalty even if you’ve already paid using Form 843

Before attempting to remove any of these penalties, the taxpayer must show good faith to the IRS. They can do this by agreeing to pay their debt in full within 120 days or entering a payment plan.

The IRS often denies the first penalty abatement request before they can even review it. Once you see the rejection, you can appeal. The process for applying for a penalty abatement can often be confusing and discouraging. Seek out the help of tax resolution professionals Platinum Tax Defenders to assist you through the process.

HOW TO REQUEST AN IRS PENALTY ABATEMENT

There are several ways for taxpayers to request relief from penalties. It’s advisable to consult with tax resolution firm Platinum Tax Defenders before applying for an IRS penalty abatement. Here are the standard methods by which taxpayers may use for penalty abatement:

  • File a penalty non-assertion request.
  • Retroactively request a penalty abatement
  • You can file for an IRS penalty even if you’ve already paid using Form 843

Before attempting to remove any of these penalties, the taxpayer must show good faith to the IRS. They can do this by agreeing to pay their debt in full within 120 days or entering a payment plan.

The IRS often denies the first penalty abatement request before they can review it. Once you see the rejection, you can appeal. The process for applying for a penalty abatement can often be confusing and discouraging. Seek out the help of tax resolution professionals Platinum Tax Defenders to assist you through the process.

GETTING HELP FILING FOR AN IRS PENALTY ABATEMENT

You can file for penalty abatement on your own, but it’s not the best plan. Registering for a penalty abatement can be complicated and overwhelming. Platinum Tax Defenders can provide you with the support you need to achieve the positive outcome you desire. For assistance filing for a tax penalty abatement, or for more information the process works, contact us today. We’re experts in this field and can explain whether your circumstances could warrant reasonable cause for penalty abatement.

Don’t be fooled by companies claiming that they can remove the interest from your back taxes. The IRS will not remove interested owed on back taxes. However, there is a solution for penalties and interest charged on penalties. At Platinum Tax Defenders, we have the experience to know when and how to request this relief. Contact us today to discuss your tax relief options.

Platinum Tax Defenders

WHO WE ARE

Platinum Tax Defenders is a full-service tax resolution firm in Los Angeles that has been helping taxpayers resolve their IRS and State tax issues since 2011. Our team of tax attorneys, accountants, and enrolled agents have a combined more than 90 years of experience in the financial services industry. Our team is ready to provide tax relief services to clients facing wage garnishments, bank levies, liens, and other challenges.

WHAT WE DO

Platinum Tax Defenders is a full-service tax resolution firm that includes a tax attorney, IRS enrolled agents and certified public accountants specializing in providing tax relief services for taxpayers facing IRS or State tax debt. We work with the IRS on your behalf to come up with reasonable payment options and settlements. Our tax professionals are knowledgeable and experts in tax negotiations. The consequences of unpaid taxes vary by each individual taxpayer’s situation. But unpaid tax debt can lead to wage garnishment, property liens, and bank account levies.

Platinum Tax Defenders will help you reach a tax resolution plan before it’s too late. We offer fast response protection to our clients and a commitment to gaining major tax reductions. Whether this is your first time facing a tax problem, or you have previously hired a tax relief firm in Los Angeles to resolve your tax debt, we have a track record of consistently garnering IRS settlements for our clients.

WHY TRUST US

At Platinum Tax Defenders, we’ve developed an impeccable reputation for doing what’s best for our clients, 100 percent of the time. We are honest and upfront with you about your tax debt situation, and the type of tax resolution services we can provide. Each individuals’ tax situation is different, and we’ll do whatever we can to negotiate with the IRS to help you reach a tax relief plan that works for you. We are experts in our field and work diligently to resolve the specific tax issues that each of our clients faces. Platinum Tax Defenders offers fair and honest tax resolution services, and you can count on us to operate professionally and legally.

Many tax relief services in Los Angeles tend to make unrealistic promises. You can count on us to always be honest and upfront about your financial situation, and what type of tax resolution results you should expect.

Call Platinum Tax Defenders today for a free consultation at (800) 991-3242.

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How Much Do You Owe in Past Tax?

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 Actual Client Results 
Recent Savings: $1,012,060
Client IDOwedSettlement
10665
$108,000$1,016.0
10711$127,000$100.0
10649$146,996$100.0
10671
$67,000.0$800.0
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Contact us at the Platinum Tax Defenders 

I received a letter from the IRS and it says that I didn’t file my taxes. In order to get some assistance, I found Platinum Tax Defenders! The staff took time on the phone with me to really understand my situation also my needs. The staff was friendly and helpful. I highly recommend Platinum Tax Defenders!!!

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Martha B
Tax Relief, www.bbb.org