Number Seven of the Big Eight Resolution types
Filing taxes is often a stressful and confusing process, especially if you owe money to the IRS. No one wants to get a notice in the mail saying that they owe penalties. Worse yet, what they already owe. If this happens to you, don’t panic! There is a way to get these penalties removed, and it’s called an IRS penalty abatement. This blog post overviews the definition of an IRS penalty abatement. We also describe how you may qualify for one. Your goal is to smash costly IRS penalties with an abatement – Ye-ah! So, what is an abatement anyways?
What is an IRS Penalty Abatement?
So, the IRS has sent you a nasty letter accusing you of owing penalties for past dues taxes and filings. Now what do you do? To remove any penalties that have been assessed on your tax return, you may need a penalty abatement. This is a huge relief if you’re struggling to pay your taxes and if you qualify. A first-time abatement is one of many abatements available to taxpayers and the easiest to get if you qualify. If have filed all of your returns on time for the last three years you may be in luck. If you are unsure or need help, call an Enrolled Agent. He will check your IRS transcripts and often get a hold of the IRS directly within 3 to 5 minutes. How does hiring a professional tax consultant help?
Requesting an Abatement
The tax consultant you hire will request a penalty abatement for you. He will determine the proper abatement to meet your needs and will either fill out Form 843 and send it to the IRS for you or simply argue your case over the phone. However, and Enrolled Agent in good standing can often get your abatement merely by calling the IRS directly. Enrolled Agents have special direct-line phone numbers that allow them to contact agents often in just three minutes to discuss your case as your representative. With a proper power of attorney, your penalties can be reduced in minutes. Hiring a professional Enrolled Agent who specializes in tax resolution issues is worth more than his weight in gold, when you just want to get the IRS off of your back.
SPECIAL NOTE: The IRS is extremely slow in dealing with citizens so hiring a professional tax advisor to handle this issue is always advised.
Get Help
Don’t despair if you find yourself owing penalties to the IRS! An IRS penalty abatement can get these penalties removed. In this blog post, we gave you a brief overview of what penalty abatements are and how you can get one. Remember, if you’re struggling to pay your taxes, there are options available to help ease the burden. So don’t wait any longer – give us a call today for a free consultation and see if you qualify for a first-time penalty abatement. We want to help make your tax season as stress-free as possible!
CALL ETS FOR A FREE APPOINTMENT SO WE MAY DETERMINE IF YOU QUALIFY FOR A FIRST TIME ABATEMENT WITH THE IRS.
CALL (469) 262-6525 – OR SET AN APPOITNMENT BY CLICKING HERE: APPOINTMENTS