• September 3, 2019
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Taxpayers who fail to file their returns or pay their taxes are given a one-time waiver known as the first-time penalty abatement (FTA). Common penalties such as failure-to-file, failure-to-pay and failure to deposit can be revoked with the help of an FTA. In most cases, IRS is willing to negotiate with the taxpayers to agree upon a mutually beneficial settlement. While experienced tax attorneys from a reputable law firm such as the Law Offices of Nick Nemeth can help you request IRS penalty abatement, it is advisable to be aware of the common mistakes people commit in the process. Continuing on the subject, we present a compilation of mistakes to be avoided when requesting IRS penalty abatement.

Failing to Provide a Reasonable Cause

The IRS is willing to relieve you from a penalty only if you can prove that you have a genuine and a “just” reason for not paying your taxes or filing your returns. Failing to provide a reasonable cause will lower your chances of getting a penalty abatement from the IRS. A few reasonable and “just” causes would be natural disasters, fire accidents, civil disturbances, or an unavoidable absence. Ensure that you have appropriate documentation and evidence to support your claims.


Providing Inaccurate or False Information

It is strongly recommended that you provide only accurate and factual information to the IRS. Providing inaccurate or fabricated evidence to the IRS is a felony and you may face several undesirable consequences such as an audit, criminal penalties and civil penalties. When requesting a penalty abatement, consult an IRS attorney and file the necessary information with strong evidence and avoid lying or dealing with the IRS without a legal counsel when you are unsure about your position.

Ignoring the Significance of Documentation

If the IRS is under a suspicion that you may have committed a tax fraud, they would want to go through your tax records and other important documents. In such a case, it pays to have all the important papers filed carefully. Few key papers such as the copies of your previous tax returns, bills and documents related to property acquisitions and inherited property can improve your chances of receiving a penalty abatement.


Not Seeking Professional Help When Necessary

Requesting for an IRS penalty abatement can be a confusing task that requires you to adhere to a lot of guidelines and meet a certain criteria. One has to be prepared to file several documents, furnish necessary records and so on. In such a case, a professional IRS tax attorney from the Law Offices of Nick Nemeth can bring their experience to the table and drastically increase your chances of availing a penalty abatement.

Wrap Up

It is advisable to file your returns and pay your taxes on time. If, however, you face any issues with the IRS with regards to discrepancies in your tax payments or returns, it is highly advisable to seek professional help. Dealing with the IRS and understanding various aspects of the tax laws is complex. If you happen to commit any of the aforementioned mistakes while requesting a penalty abatement, you may end up inviting more trouble to your doorstep. It is highly recommended to outsource such critical tasks such as requesting an IRS penalty abatement to experienced IRS tax lawyers at the Law Offices of Nick Nemeth. For a confidential, no-obligation consultation, fill out our contact form or simply call (972) 426-2553.

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What Our Clients Have to Say

Susan WilsonSusan Wilson
03:27 25 Jan 23
I have been very pleased with the solid counsel and guidance that Nick Nemeth has provided me regarding my tax issue. I found him to be honest and straightforward which I appreciated. I was impressed with his relevant experience and knowledge . He has definitely brought me peace of mind during a difficult and stressful time.
Sarah HowardSarah Howard
03:44 14 Nov 22
I would like to thank Mr. Nick and his staff for the superb help that I received from them. My IRS problem was resolved quickly and efficiently. It took 2 visits to convince me that I was over my head. I thought that I could call the IRS, appeal my tax notices and settle on a payment plan on my own. After many phone calls to the IRS, waiting sometimes more than 4 hours with no resolution to speak of, it proved to be extremely difficult and stressful. Revisiting Mr. Nick was a huge wake up call. My account was reviewed, and a payment plan was established with the IRS within a week. I will be forever grateful to the staff who worked on my case and especially to Lorna who listened to me vent while going through this painful process.
00:33 07 Aug 22
I cannot say enough good things about Nick and his team. When I first met with Nick he was up front, honest, friendly and efficient. When I worked with one of his attorneys, Eric B, I was just as pleased. All of the staff there are nice and very helpful. I wish I hadn't waited so long to get help with my issue. Over 6yrs I tried getting through and getting anywhere with the IRS and hardly made any progress. I know this may not be the case for all, and even I thought it would take longer than it did, but 3mos and they had my situation straightened out. I still can't believe it. Thank you thank you THANK YOU for all that you did for me. This is a huge burden gone out of my life now thanks to you. If anyone needs help out there, I know you may not want to shell out more money to get their help but it may just save you in the long run.
Spoilly GirlSpoilly Girl
23:49 03 Aug 22
The Nemeth Law team is exceptional. They treat their clients like a family member who is in crisis. They want you to get the best possible outcome. I really appreciate everything that they did for me. Jake and Ashley had the greatest role in my case and it all turned out for the best for me. Thank you Nick and team for easing my fears and getting me through the long process. I'm truly grateful.
Eddie WaltEddie Walt
19:44 12 Jul 22
During a time in which competent, professional service at a fair price seems to have disappeared, Mr. Nemeth and his team are a refreshing breath of fresh air.From my first phone call to the final settlement of our case with a non-responsive IRS, they under-promised, over-delivered and were in constant courteous contact to make sure we knew exactly what was happening and where we stood.I hope to never need their services again, but, should I receive another friendly letter from the IRS...I know who to call!
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