Collection Methods > Tax Penalties

TAX PENALTIES

Penalties and interest incur due to various reasons such as:

  • Failure to collect and pay over tax as the collecting agent (see Trust fund recovery penalty)
  • Failure to keep adequate records.
  • Failure to file returns.
  • Failure to pay taxes.
  • Filing returns late.
  • Filing false or fraudulent returns.
  • Paying taxes late.
When the IRS assesses a taxpayer's account, penalties are automatically added to his/her account by the IRS computer system.

As a result, penalties are frequently added to a taxpayer's debt without taking his/her circumstances into account.

A taxpayer may qualify for relief from those tax penalties with what the IRS would call "reasonable cause."

"Reasonable Cause" is the key factor in abating penalties. If you have a "reasonable" explanation for filing returns late or underpaying what is owed, the chances are the IRS will remove the penalties. Refer to Penalty Abatement for further details.

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.

Name:
* Please specify both your first and last name. 
Email:
*
Phone:
* Please specify the best number to reach you at if you'd like to be contacted by phone. 
Alt Phone:
If you have a secondary number (i.e. cell phone number) please specify here. 
Best way to reach you:
Preferred time of day to contact you:
Federal Taxes owed?
Other info/comments about your IRS situation:
How did you hear about us?
*required fields