penalty abatement

PENALTY ABATEMENT

Penalty charges are removed from your IRS Tax Debt bill. The IRS allows you to avoid penalties if you have a valid reason, known as "Reasonable Cause".

When the IRS assesses tax debt, penalties are automatically added to your account without taking into consideration circumstances that you were going through.

If you have a "reasonable" explanation for filing returns late or underpaying what is owed, chances are the IRS will remove the penalties accrued. The IRS will look to see whether any of the following factors exist:

  • Death, serious illness, or unavoidable absence
  • Unable to obtain records
  • Incorrect advice from the IRS
  • Incorrect advice from a tax advisor
  • Fire, casualty, natural disaster, or other disturbance
  • Official disaster area; or IRS error

What we do for you at Advantage Tax Help:

  • An adequate Penalty Abatement requires very specific wording and a solid understanding of the IRS Code and Procedure.
  • Our Tax Practitioners are experts on the criteria, guidelines, and procedures followed by the IRS in abating the penalties.
  • Advantage Tax Help has the knowledge to present your case in the most favorable light and negotiate relief from those penalties if you qualify.