Archive for the 'IRS Penalty Abatement' Category

IRS Penalty Abatement: Know Your Rights?

Saturday, October 3rd, 2009

IRS tax penalties and interest charges can cause emotional distress and financial hardship. But make sure that before you attempt to tackle the issue, you understand exactly why these penalties were imposed and what your legal options are to get them removed or settled.
Late filing penalties are one of the penalties that cause taxpayers a [...]

Posted in IRS Interest Abatement, IRS Penalty Abatement, Income Tax Penalties, Tax Penalty Abatement | 1 Comment »

What are the IRS Penalties?

Wednesday, September 9th, 2009

Fraud – IRC Section 6663
We charged a penalty for fraud. The penalty is 75% of the tax you didn’t pay due to fraud (50% of the tax you didn’t pay due to fraud on returns required to be filed before January 1, 1987, not including extensions).
For tax you didn’t pay due to fraud on returns [...]

Posted in IRS Interest Abatement, IRS Penalty Abatement, Income Tax Penalties, Tax Penalty Abatement | 3 Comments »