We strongly recommend that you don’t attempt to request penalty abatement yourself. The IRS’s penalty abatement review procedures are very strict. One wrong word or statement can be cause for automatic denial of your request.

 

The IRS threatens imposing heavy penalties as a deterrent for taxpayers who file tax returns late and make late payments. The IRS wants taxpayers to fear these huge penalties, much like the people who are financing a car fear swift repossession if they don’t make timely payments.

 

Although you have a right to request abatement of penalties, it’s important to know that the IRS doesn’t easily agree to reduce or eliminate penalties against you.

 

Beware of inexperienced or unprofessional firms that promise you they will get your penalty abatement approved. No one can guarantee that the IRS will approve your request to abate penalties. Approval or denial is solely in the hands of the IRS, and their decision can take months.

 

If the IRS denies your request to abate penalties, you should know that you have a right to request that the IRS’s Appeals Division perform an administrative review of the decision. The process requires a separate request and meetings with an IRS Appeals employee. Thanks toCarolina Tax Resolutions’s experience, including our work in the IRS’s Appeals Division, we can defend you if they reject your request for penalty abatement.

 

Hiring Carolina Tax Resolutions to prepare your request to abate penalties will give you a distinct advantage over doing it yourself or having a less qualified firm helping you. We know the tax laws and use your personal circumstances to put together the best penalty abatement request possible. There are strict guidelines that must be followed when dealing with the IRS and filing penalty abatements. Filing an abatement request too early or too late in the resolution process can result in its rejection. Carolina Tax Resolutions can successfully navigate though the “mine field” known as the penalty abatement claim procedure.

 

Whatever you do, it’s in your best interest to contact Carolina Tax Resolutions to discuss your unique situation. Your circumstances may fall into a category not shown above. Regardless, we will still help you. Penalties can accrue and get larger each day. The sooner you call us, the faster we can help you by taking the necessary steps to get these penalties eliminated.