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How to Reduce IRS Penalties - There Is a Way to Lower or Eliminate IRS Penaties and Interest
Failure to pay IRS back tax can ( more than likely ) result in IRS Penalties and Interest (AS MUCH AS 47% PER ANNUM) that can compound over years. This will create an IRS Tax Debt that will be substantially larger than the initial amount owed.
By: DWK TAX GROUP
DWK TAX provides all 50 States, including Hawaii and Alaska, with IRS Tax Debt Relief.
IRS CIVIL PENALTY ABATEMENT
Reduce your IRS Tax Debt through a Penalty Abatement.
AFFORDABLE PAYMENT PLANS. SENIOR DISCOUNTS.
DO YOU QUALIFY FOR A PENALTY ABATEMENT?
You may very well qualify for a reduction in your current IRS Tax Debt through a IRS Penalty Abatement petition. We need to know what happened to you that caused this unfortunate situation.
The IRS gives a long list of events that will be considered for reasonable cause.
The Internal Revenue Service allows you to avoid IRS tax penalties if you have a good excuse, known as reasonable cause. The following information is excerpted directly from the Internal Revenue Manual, IRM 120.1.
1. Reasonable cause is based on all the facts and circumstances in each situation and allows the Internal Revenue Service to provide IRS tax relief from an IRS tax penalty that would otherwise be assessed. Reasonable cause IRS Tax Relief is generally granted when the taxpayer exercises ordinary business care and prudence in determining their tax obligations but is unable to comply with those tax obligations
2. In the interest of equitable treatment of the taxpayer and effective tax administration, the nonassertion or abatement of civil penalties based on reasonable cause or other relief provisions provided in this IRM must be made in a consistent manner and should conform with the considerations specified in the Internal Revenue Code (IRC), Regulations (Treas. Regs.), Policy Statements, and Part 120.1.
The Internal Revenue Manual goes on to say that any reason will be accepted as reasonable cause if it can be shown that the taxpayer exercised ordinary business care and prudence and, despite that, was still not able to comply with their tax obligations.
Penalty abatement gives the DWK Tax Attorneys the opportunity to plead your case to the IRS. Unlike most other claims for IRS debt relief, a penalty abatement puts a very human face on your IRS case, which certainly can work for your best interest. We need to know your unique story. How did you find yourself in this situation?
Decisions are made by the IRS on an individual, case-by-case basis, which is very encouraging. “Reasonable Cause” can be anything that you make it. Divorce? Medical Reasons? Loss of Income? Death in the Family? Failed Business? Bad Advice? In fact, IRS guidelines generously suggest that a penalty abatement should be “generally granted when the taxpayer exercises ordinary business care and prudence” in trying to pay their taxes.
The most common mistake we see made, however, is a global one: Taxpayers and many tax representatives seem to think that sending a simple letter to the IRS requesting that the IRS Penalties and Interest be abated will suffice. The truth is that the IRS receives millions of these simple IRS Penalty and Interest relief request letters every year and the great majority are summarily rejected.
If an IRS Penalty Abatement request is worth making – and it almost always is worth making - it is worth making correctly. And, because the IRS receives so many sub-par requests for tax relief, an application that is done with thought and thoroughness stands out in a positive way.
The purpose of IRS penalties is to punish the taxpayer for failing to comply and to send a message to other taxpayers that compliance will be strictly enforced. If neither of these purposes are furthered by the imposition of a tax penalty, the IRS should not assess it. Furthermore, for most types of IRS penalties, if the taxpayer has reasonable cause for his failure to comply, the IRS penalty should not be assessed. For these reasons, DWK TAX GROUP generally recommends that taxpayers challenge IRS penalties assessed against them.
“Reasonable cause” is a subjective matter and the only way to definitively determine whether or not a failure to comply was willful or a result of extenuating circumstances is for the IRS to conduct a thorough investigation of all the facts and circumstances giving rise to the failure.
This investigation is triggered by a correctly filed IRS Penalty Abatement Request.
Be aware, if you submit an IRS Penalty Abatement petition and it is denied, you cannot make a request on the same grounds again.
No matter how well you state your case, the IRS Appeals Officer assigned to your IRS abatement request will have some hard questions for you. The IRS Revenue Officer probably will look at your history of paying your IRS tax. "Is this just another attempt to get out of paying?" That is a question that needs to be overcome.
All the more reason to have DWK TAX GROUP's highly skilled Tax Attorneys handle your Penalty Abatement case.
DWK TAX GROUP will be your strongest advocate. DWK TAX will provide you with determined, diligent and highly skilled Tax Attorneys who have successfully handled countless IRS Penalty Abatement cases, in turn, saving our clients millions of dollars.
DWK will not accept a Case if we cannot benefit our client.
CALL US FOR OUR FEE FOR PENALTY ABATEMENT
SENIOR DISCOUNTS. AARP DISCOUNTS.
AFFORDABLE PAYMENTS PLANS. WE MAKE IT EASY FOR YOU.
To find out more, (CALL 1-866-226-6102)
Visit the DWK TAX GROUP Website at: http://www.dwktax.com/
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DWK TAX GROUP is the NATIONWIDE INTERNET TAX RESOLUTION COMPANY. Our Tax Attorneys Guarantee the Release of IRS Wage Garnishments. Senior Discounts. Affordable Payment Plans. Settle Your Tax Debt Now.
Page Updated Last on: Aug 26, 2010