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The IRS and State both assess penaties and interest on unpaid balances.  Those penalties can range from fraud-based penalties to simple late filing and late payment penalties.  The different types of penalties each have different options for obtaining relief.  It is important that you seek qualified professional representation who understands not only what type of penalty you have been charged, but also what options are available to address that particular penalty type.

The IRS and a number of states will abate penalties automatically if a taxpayer has a good history of complaince and no recent late or missing returns.  It is important to know which periods are eligible for these automatic penalty relief programs.  Even if you don't qualify or an automatic release, there is still hope!  Penalty relief can offten be granted if the late filing or payment is due to "reasonable cause."  Reasonable cause can include things such as serious illness, loss of records due to fire, or bad advice from a tax professional.

Having an experienced ttorney handling your case can help you achieve the best possible results.  Since penalties and interest can quickly double the original tax debt, receiving even a partial abatement can have a significant impact on how much you pay.  It is our goal to make sure that you don't pay a penny more than you absolutely must, and we will aggressively pursue any available mehods to reduce the balance owed.

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If you have a balance with either the IRS or the State, you HAVE been assessed penalties.  Now is the time to get a free case consultation to see if you qualify for penalty relief.  Contact us today for your free case analysis.

Need More Information?

The IRS publishes the criteria for penalty relief.  You can find an outline of the criteria here.  There is significant case law that has built up around these regulations, and it is helpful to have an experienced attorney to make sure you pursue every possible option to get a penalty abatement.