What is IRS Tax Penalty Abatement?
IRS tax penalty abatement refers to the reduction or the removal of IRS tax penalties assessed. Typically this occurs because you fell behind on your taxes and the IRS exercised their right to charge penalties. When tax penalties and interest are assessed, the total tax you owe increases and so does the financial hardship you are undoubtedly already experiencing. There is help available for an IRS tax penalty problem. The IRS is willing to review information about the reasons you either didn’t file your taxes timely or underpaid your tax liability. Federal tax abatement specialists can review your situation, and if appropriate, will complete an IRS Penalty Abatement Request on your behalf. In some cases, it’s discovered that IRS tax penalties were incorrectly assessed, and the taxpayer ends up owing no tax penalty at all. Even more encouraging is that an IRS tax abatement specialist may be able to secure a refund for prior IRS tax penalties remitted that were unfairly assessed by the I
