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.

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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 our firm. Call us today to speak personally with a Santa Clarita tax lawyer!