PENALTY ABATEMENT
Abatement, or adjustment of a tax liability means to reduce or change your tax bill. The IRS allows you to avoid penalties if you have a valid reason, known as "Reasonable Cause".
When the IRS assesses tax debt, penalties are automatically added to your account without taking into consideration circumstances that you were going through.
If you have a "reasonable" explanation for filing returns late or underpaying what is owed, chances are the IRS will remove the penalties accrued. The IRS will look to see whether any of the following factors exist:
- Death, serious illness, or unavoidable absence
- Unable to obtain records
- Incorrect advice from the IRS
- Incorrect advice from a tax advisor
- Fire, casualty, natural disaster, or other disturbance
- Official disaster area; or IRS error
What we do for you at STR:
- An adequate Penalty Abatement requires very specific wording and a solid understanding of the IRS Code and Procedure.
- Our Tax Practitioners are experts on the criteria, guidelines, and procedures followed by the IRS in abating the penalties.
- STR has the knowledge to present your case in the most favorable light and negotiate relief from those penalties if you qualify.
Call our toll free number 866-461-9924 for a free half-hour consultation.
At STR, we specialize in dealing with the Internal Revenue Service. We provide a variety of resolutions to meet your needs. STR understands that each and every client is unique and requires diverse attention. Our goal is to put you in the best possible financial position. We can work on achieving this together. Get the relief you need today! We have the knowledge, expertise and years of experience to significantly reduce your tax debt. We want you to know you have OPTIONS so call us today at 1-866-461-9924 for your free confidential consultation or fill out the form and an experienced Tax Resolution Consultant will contact you within the next 24 hours.