| When you file late or if you intentionally file a falsified | | | | tax professional can request an abatement hearing; to |
| tax return, the IRS is going to hit you with fines, | | | | submit a written request, through a verbal interview |
| interests, and penalties big time. You are going to be | | | | between your tax attorney and the IRS, and finally |
| subjected to so many fines it may be unimaginable for | | | | through Form 843. Whichever avenue is chosen, your |
| you to conceive. If you need assistance or information | | | | tax professional will provide information to the IRS as |
| about tax penalty abatement or how the process | | | | to why your case should be reconsidered. If you're |
| works then consulting with a tax attorney is probably a | | | | successful then the penalties and interest will be |
| very good idea. Going through the abatement process | | | | reduced or forgiven. This is why it is very important for |
| allows your tax attorney to take your case to the IRS | | | | you to have the best representation possible. |
| on your behalf and to request an opportunity to plead | | | | The IRS goes through penalty abatement with tax |
| your situation. | | | | payers on a case-by-case basis. This is encouraging |
| How to file an appeal for penalty abatement | | | | and "reasonable cause" can be open for interpretation. |
| By making an appeal for penalty abatement, you are | | | | According to the IRS, abatement should be "generally |
| personalizing this matter and giving credence to your | | | | granted when tax payer exercises ordinary business |
| cause. This can prove to be fruitful and work to your | | | | care and prudence", when attempting to pay back |
| advantage in many ways. If the appeal process works, | | | | outstanding tax debts, fines and interest. Did you make |
| you may be alleviated of some or all of your tax | | | | a genuine effort to repay the taxes and find a solution |
| penalties. This can be very beneficial to people who | | | | to your problem? When you first ran into this problem, |
| are unable to pay the fines and interest. Your tax | | | | did you contact the IRS in a timely manner? Did you |
| professional will plead your situation and provide you | | | | attempt to make a payment arrangement or have you |
| with the best negotiation possible. It is best not to | | | | been making repayments on an installment basis? |
| attempt to do this alone because you may only get | | | | Remember that with any problem, you will need to |
| one chance and you don't want to mess it up. | | | | prove yourself through a paper trail. So it's very |
| Tax penalties are a very large reality when dealing | | | | important that you remember to keep all your tax |
| with the IRS, it was estimated that as of 2005, the | | | | records. |
| penalties were around $16 billion dollars and the amount | | | | Facing the IRS |
| is climbing yearly. The IRS does whatever is | | | | No matter what your situation may be with the |
| necessary to collect on back taxes, so if you can't | | | | guidance of a qualified tax attorney, you can face the |
| pay then you need to request your tax attorney to | | | | IRS confidently. The professional will face a penalty |
| request penalty abatement. This may be your only | | | | abatement hearing with the IRS, knowing all of your |
| chance to work out your tax problems once and for | | | | information and present the best case possible on |
| all. | | | | your behalf. The tax attorney will present your case |
| Are you eligible for penalty abatement hearing? | | | | objectively and from every angle and leave no |
| If your tax professional requests a hearing to | | | | question unanswered. When finished and if their |
| determine your eligibility for penalty abatement, then it | | | | arguments are persuasive, you will likely be granted the |
| means the IRS is willing to hear your case and | | | | abatement request. |
| reconsider the matter. There are three ways that your | | | | |