Tag: IRS penalty abatement letter

All You Need to Know about IRS Penalty Abatement

IRS Penalty Abatement with The Law Offices of Nick Nemeth

IRS penalty abatement is a provision to remove IRS penalties for late filing and late payment. If a taxpayer has a reasonable cause for non-compliance, they can apply for the relief. If the taxpayer qualifies, the IRS removes some or all of the penalties. An IRS penalty abatement, however, does not reduce the underlying tax; it only removes the associated penalties. In all cases, taxpayers need to have a just reason to backup their request for an IRS penalty abatement. Let’s dig deeper to find out all you need to know about IRS penalty abatement. Grounds for IRS Penalty Abatement

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