Penalty Abatement

Tax penalties can be a person’s worst nightmare and, even worse, is an unexpected tax penalty. Yet, every year, a large number of tax violations are a result of taxpayers filing late returns, failing to pay their tax debt, underpaying what’s due, or simply filing incorrectly.

If a taxpayer fails in any of the above-mentioned ways, the IRS has the authority to assess penalties and impose interest on delinquent payments. To get a penalty removed, it must be proved through legal arguments and corroboration documents that there was a Reasonable Cause for filing or paying late.

What is a Penalty Abatement?

A penalty abatement is when the IRS agrees to reduce or eliminate the amount of tax owed by a taxpayer because of extenuating circumstances. Penalties may be waived for certain types of situations, such as a death in the family, illness, or other hardships.

If you’re facing a penalty, it is important to consult with an experienced tax lawyer to help you understand your options.

How an Experienced Tax Lawyer Can Help with Penalty Abatements

Taxes can be confusing, but they don’t have to be. The best way to navigate your taxes is to hire a tax lawyer who has experience in dealing with IRS issues and can help you understand how it all works.

At JD Tax Law, we are a full-service tax law firm with a proven track record of success. We represent individual and business taxpayers in all aspects of tax resolution, including penalty abatements. Our team has over 15 years of experience dealing with the IRS, and we have successfully resolved countless tax issues and provided relief for hundreds of clients.

To get a tax resolution plan that is tailored to your specific tax situation, please contact us for a free, no-obligation consultation.

Schedule a time that works best for you, or just give us a call now!