Even a moderate tax debt tends to escalate quickly because of the penalties and interest imposed by the IRS. These penalties and interests can quickly escalate the tax liability due into an unmanageable amount of money. However, help is at hand in the form of penalty abatement.
Many of the penalties applied on back taxes are done automatically by a computerized system without taking individual circumstances into account. If this is brought to the notice of the IRS in the proper form, relief may be granted from these penalties, and under certain circumstances, you may even qualify for a tax refund.
Penalty Abatement requires a thorough understanding of the IRS code and this is where our qualified advisors can help you reduce your penalties. We assess your situation and then present your request for Penalty Abatement before the IRS. We have a high success rate when it comes to Penalty Abatement requests and can help you get the tax relief you need, and reduce your tax penalties to the minimum.