How to Request IRS Abatement From Tax Penalty
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A tax abatement is a temporary reduction or elimination of property taxes. It applies to real estate and, sometimes, the personal property that a local government or district taxes. Tax reductions only apply to eligible pieces of property, including new and renovated homes and commercial buildings.
The IRS and many states realize that there are situations that arise that prevent taxpayers from getting into full compliance with tax laws. These penalties can be removed if the taxpayer can prove to the IRS or State taxing authority that they did have a valid excuse called “reasonable cause” for not being compliant with tax regulations.
How Our Tax Penalty Abatement Service Works
With all of our clients who owe money in taxes, we determine if they are likely candidates to qualify for tax reductions. This is a very common tax filing, and we have seen various reasons the taxing authorities have accepted as “reasonable cause.” As part of the routine investigation done by our staff of attorneys and EAs, we will know why you did not comply with the tax code. As a result, we can tell you if you have “reasonable cause” or valid circumstances that inhibited you from complying with IRS and State tax laws. If you have reasonable cause, we will submit the appropriate paperwork to the taxing authorities to request the removal of tax penalties. Getting a response from taxation authorities regarding penalty abatement can take some time, but it is generally worth the wait.
Why Choose Us to Help You Abate Tax Penalties
Our tax professionals have dealt with various tax reduction reasons, and our experts will know if you are a likely candidate. We know the exact paperwork to submit for you. If you do not qualify for penalty abatement, we will help you find the next best alternative to get back into compliance with IRS and State tax regulations.