How Do You Get Late Filing Penalty From IRS Removed?
When a taxpayer files his taxes late, the IRS charges a late filing fee to his account. A number of reasons can cause the taxpayer to file his taxes late, ranging from neglect to ignorance of the IRS’ filing rules. Late filing penalties can be significant, with the maximum being 25 percent. It is possible to get an IRS late filing fee removed. Understand why you received the late filing penalty. If you do not file your past due return, the IRS will add penalties and interest. It may also file the return for you, but will only do so based on the tax information it has received for you. The resulting return may exclude any extra exemptions or expenses you may be allowed, increasing your taxes owed. File your tax return, even if the IRS has filed one for you. Include all the exemptions, credits and deductions you are entitled to. This step can reduce the amount you owe significantly, or result in you not owing any monies to the IRS. Cite reasonable cause. According to the IRS, the law all
