| Bad Idea: Don't believe everything you hear. You may | | | | Round up the documents concerning the penalties and |
| trust your Accountant, but their bad advice can land | | | | documents proving why you should not pay. |
| you in debt with the IRS. Even IRS workers have | | | | You must fill out Form 843 (Request for Abatement) |
| given the wrong advice on occasion. So what can you | | | | Waiting and Waiting: It can take the IRS weeks to get |
| do when you fall for their word, and now penalties and | | | | back to you. Just wait patiently and try to forget the |
| interest are building up on your account? What should | | | | anxiety you're feeling. If 45 days pass without hearing |
| you do? | | | | back from the IRS, you can go ahead and resubmit |
| End Them: Penalty Abatement is when the IRS | | | | the forms. |
| reduces the penalties from the debt amount. You may | | | | Don't Give Up: The IRS is not going to give up without |
| even get away with not paying any penalties at all. It | | | | a fight. It's very hard to win a case with the IRS. If you |
| will all depend on how well you can prove you do not | | | | keep getting rejected by them, you should consider |
| owe them. | | | | hiring a qualified Tax Professional to help you. But do |
| How to Qualify: | | | | your homework, and make sure you hire one that |
| Let the IRS know why you shouldn't pay. Taking bad | | | | won't get you in worse shape with the IRS. |
| advice from a professional is an acceptable reason. | | | | Now you have the smoking gun...Use it! |