The IRS can provide penalty relief under its First Time Penalty Abatement policy.  The IRS has certain criteria to qualify:

•  You didn’t previously have to file a return or you have no penalties for the 3 tax years prior to the tax year in which you received a penalty.
• You currently filed all currently required returns or filed an extension of time to file.
• You have paid, or arranged to pay, any tax due.

One of the most common examples of this is when the corporate and partnership tax deadline was changed to March 15 instead of April 15 many taxpayers weren’t aware of this and received late filing penalties because they didn’t file an extension by March 15.  We have represented these taxpayers and abated these penalties under this policy.

Even if you don’t qualify for this program there are other reasonable cause exceptions to abate penalties.  We suggest that you review all your options to see if you qualify before you send the IRS a check.  We have been representing taxpayers with federal and state tax problems for over 30 years. If you want an assessment of your options give us a call or visit our website to learn more about our services.

Robby