Penalties & Interest Reduction or Elimination

Carolina Tax Resolutions provides IRS debt penalty and interest reduction services. We serve Chapel Hill, Durham, Raleigh, & all of NC.

If you have failed to file tax returns or failed to pay taxes or other penalties, the IRS allows penalty abatement if the failure is due to reasonable cause and not willful neglect. The IRS generally rejects most penalty abatement requests, but if you can show that certain conditions existed that were beyond your control, the IRS may remove interest and penalties allowing you to pay off only the principal amount of the tax debt.
To request a penalty abatement from the IRS, Carolina Tax Resolutions will estimate your IRS tax penalty, assess the facts and circumstances that prevented payment of the tax debt and devise a plan to find the best penalty abatement resolution. It is crucial that your penalty abatement request is evaluated and assessed by an experienced tax attorney to avoid payment of these unnecessary, avoidable penalties. After the penalties are removed, a tax relief attorney can either settle your debt through the IRS Offer in Compromise Program or negotiate an affordable payment plan.
Please call Carolina Tax Resolutions today for a no-cost tax consultation at 919-916-1000. We look forward to helping you.