What is IRS Penalty Abatement?

Wednesday, February 10, 2016

If you neglect to pay your tax debt, this amount can practically double in about 4 years’ time because of penalties and interest that can accrue. There are ways to avoid the interest on the debt either partially or completely through abatement, also known as elimination that is based on just cause.

To find out if you qualify for penalty abatement, it’s best to contact the Strategic Tax Lawyers, LLP.  The Strategic Tax Lawyers firm is headed by a former IRS attorney with over 10 years of experience representing the government. As part of our team, he the expertise and experience to help cut your tax liability and get your life back. Our team has assisted clients who are overwhelmed with business taxes and tax debt, as well as eliminating excess penalties.  

Not all people can qualify for penalty abatement, and the process for penalty abatement is not a quick one. However, if you can afford to pay off a minimum of 75% or pay off the debt in its entirety, then you may be able to qualify. The tricky part is that you will need to convince the IRS that you are not responsible for the penalties. The Strategic Tax Lawyers can assist you with this matter. 

Many times, there are factors out of your control that influence on your tax debts that create substantial financial hardship, including bankruptcy. You can qualify for penalty abatement if your business records were lost or destroyed in some type of accident or catastrophe. Were there certain circumstances that caused you or your business to have a substantial drop in collecting on accounts receivable or was there some internal transition in the company that caused a failure to pay taxes? You may also qualify if there was a civil disturbance, a death or serious illness which affected the business or personal income. Other circumstances that can influence if you qualify for penalty abatement is if you can prove you were wrongly advised by a CPA or IRS employee in making tax decisions and have reasonable documented proof of such consultation. 


You can file for penalty abatement by (1) sending the IRS a written letter stating your case and requesting a refund of penalties; (2) requesting an in-person interview to explain your case and how you qualify for penalty abatement; or (3) use the official IRS form on the website called the Penalty Abatement Claim Form. We advise that you have all documentation current. 

If you want to find out more about IRS Penalty Abatement, then contact the Strategic Tax Lawyers, a firm of IRS Tax Attorneys who specialize in abatement. The Strategic Tax Lawyers have extensive training and experience in a multitude of IRS-related matters and the IRS tax code.  If you have any legal issues with the IRS related to your taxes, call the Strategic Tax Lawyers today at (800) 669-4775 for a free consultation.  You will get your issue resolved in the most efficient manner possible.