Your IRS debt can grow quickly as interest and penalties are added to the amount owed. However it is possible to challenge these amounts and in many cases reduce or eliminate them. Penalty Abatement is based on your claim that circumstances beyond your control led to your IRS debt. If you can prove that you had reasonable cause not to make your payments and showed due diligence and no neglect in attempting to repay your debt, then you may be able to reduce your penalties. Some of the possible reasons for not paying your tax debt are:

  • Serious Illness, Death, or Unavoidable Absence
  • Unable to Obtain Records
  • Incorrect Advice from a competent tax professional
  • Incorrect advice directly from the IRS, written or oral
  • Fire, Casualty, Natural Disaster, Other Disturbance

Our AT&A American Tax and Accounting Services expert will meet with you to discuss the details of your situation. We will help you gather the necessary receipts, documents and forms to assemble a Penalty Abatement Request. If penalties and interest were paid incorrectly, you might qualify for a tax refund.