What Triggers a Tax Audit?
Imagine for a second that you’ve just received a letter from the IRS and they tell you that you’re being...
Getting surprised by tax penalties can be both frustrating and nerve wracking. When you anticipate paying money to the IRS for taxes but learn the amount you owe is significantly more than you expected thanks to added penalties, you may feel helpless and at the mercy of the government. It might seem like you have no choice but to find a way to pay what the IRS claims you owe, even if you believe the penalties are not justified.
I was so worried about taxes I owed. Gordon Law Group were able to help me with a comfortable repayment plan and I can now sleep at night. Deep sigh. Thank you John!!! I’m really happy about their service, they were very professional and helpful with the whole process.
Often, people assume that if the IRS assesses a penalty, there is no choice other than paying it. The reality is, the IRS tax code includes provisions for penalty relief, otherwise known as “abatement.” Under certain circumstances, the IRS is willing to waive tax penalties.
For example, you may be able to have your tax penalty waived or reduced under the IRS’ First Time Penalty abatement (FTP) policy.
You may qualify for FTP relief if:
Penalty abatement decisions are made on a case-by-case basis. To qualify for abatement relief, you must demonstrate that there is reasonable cause for the IRS to grant relief, or that abatement is otherwise justified under IRS rules and procedures.
Working with a knowledgeable tax lawyer can improve your chances of securing an IRS penalty abatement. Gordon Law Group has a track record of successfully helping clients reduce or even eliminate assessed IRS tax penalties:
Unfortunately, IRS tax penalties can take you by surprise, and they can add up quickly. The good news is, you may qualify for penalty abatement, which can provide much-needed relief.
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