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Penalty Abatement is a program offered by the IRS that allows eligible taxpayers to request the removal or reduction of their unpaid federal tax liability, penalties, and interest, provided you present grounds of your inability to settle your tax obligations.
A sudden illness, job loss, or a death in the family are examples of situations that may qualify as reasonable causes. If you can prove that your circumstance is unavoidable and kept you from paying on time, you may be eligible for a penalty reduction with likely cause.
Low-income individuals find it simpler to make their payments on time because they won’t experience interest charges or penalties as frequently.
Learn more if you qualify for this relief option through our FREE consultation.
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