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Penalty Abatement
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Penalty Abatement
The IRS has the power to assess a wide variety of penalties on taxpayers who fail to file or properly pay their taxes. These penalties can quickly add up to be hundreds or thousands of dollars, making it difficult for taxpayers to pay the money that they owe.
Types of IRS penalties
The IRS can penalize taxpayers in many scenarios, including:
- Failure to file
- Failure to pay
- Inaccurate returns
- Failure to deposit employment taxes
- Underpayment of estimated tax
- Dishonored checks
These penalties are often assessed as a percentage of the taxes owed. For example, failing to file your taxes incurs a penalty of 5% of your unpaid tax bill for each month that your return is late. Additionally, you have to pay interest on the penalties that accrue.
Penalty abatement
The IRS implements these penalties to keep the tax system fair and effective. Without sanctions for not paying your taxes properly, people could easily skip paying the money that they owe. The IRS also understands that many taxpayers who fail to file their taxes or fail to pay them do so unintentionally and offer ways to avoid penalties or get penalties removed.
For example, people who have been penalized for the first time can get their penalties rescinded. You can also apply for penalty abatement due to reasonable causes that made paying or filing your taxes difficult or impossible, such as a death or serious illness in your family.
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Client Testimonials
Happy Client
I didn’t know it would be such a pain free process but they helped me handle some past due taxes (which I thought was going to be an arduous process). Thank you Tax Hardship Center!
Happy Client
Tax Hardship helped resolve my tax filing complications in a timely manner. The customer service was quick to respond as well as extremely helpful. I will definitely use their service in the future.
Happy Client
The team at Tax Hardship Center was successfully able to help me with my tax issues. They were kind and also empathetic to me during my hard financial times.
Work with the Tax Hardship Center
Dealing with IRS penalties is stressful, but there are many ways that you can get some or all of these penalties forgiven. The Tax Hardship Center’s tax professionals are experienced with the rules surrounding IRS penalties and how to get them removed from your tax bill.
If you owe money to the IRS and the IRS has started to assess penalties, we’re here to help. To learn more, call us today
