Penalty Abatement for Taxes
Seek Assistance from Our Santa Clarita Tax Lawyer
Tax penalties can make the bitter pill of paying taxes even harder to swallow.
If you miss payments or make some other error, the IRS can inflict penalties
upon you, usually in the form of additional monetary fees. Unfortunately,
these penalties are often unjust and many taxpayers are unaware that there
can be a way out – penalty abatement. By requesting penalty relief,
you can have your tax penalties eliminated entirely. Because the process
can be confusing and not everyone automatically qualifies, it is important
to retain a Santa Clarita tax attorney you can trust. Look no further
than the team at RJB Law Offices.
Tell us more about your case by filling out a
free online evaluation form.
Who is eligible for penalty abatement?
Penalty abatements are commonly referred to by the IRS as first-time abatement
(FTA) penalty waiver and were first introduced nearly 15 years ago. A
successfully approved FTA can remove certain penalties that were incurred
over the course of a single tax period.
Penalties that qualify for abatement include:
- Failure-to-file penalties
- Failure-to-pay penalties
- Failure-to-deposit penalties
Individuals can request an FTA for the first two penalties, while businesses
and payroll taxpayers can request an FTA for all three, depending on the
circumstances. Additionally, the applicant must demonstrate filing and
payment compliance, as well as a three-year clean penalty history.
The process of applying for an FTA can be done over the phone, online,
or in writing. It is important to clearly state the intent of your request
and submit all of the necessary documents right when you apply. Our firm
can assess your case and ensure that you follow the correct guidelines
as stated by the IRS. It is always better to exercise more care than you
think is necessary when petitioning for penalty abatement.
Obtaining relief from your tax penalties may be as simple as contacting
Call us today to speak personally with a Santa Clarita tax lawyer!