The Penalty Abatement Program

The IRS can remove (abate) or reduce penalties for “reasonable cause”. Interest on the other hand is rarely abated or reduced. The Internal Revenue Service Manual (IRS Policy Statement P-2-7) states:

Any sound reason advanced by a taxpayer as the cause for delay in filing a return, making deposits … or paying tax when due will be carefully analyzed…Examples of…reasonable cause:

1. Death or serious illness of the taxpayer…or immediate family.
2. Unavoidable absence of the taxpayer.
3. Destruction by fire or other casualty of the taxpayer’s place of business or records.
4. Taxpayer was unable to determine amount of deposit of tax due for reasons beyond taxpayer’s control.
5. Taxpayer’s ability to make deposits or payments has been materially impaired by civil disturbances.
6. Lack of funds is an acceptable reasonable cause for failure to pay any tax or make a deposit…provided it can be demonstrated lack of funds occurred despite the exercise of ordinary business care and prudence.
7. Other explanations may be acceptable…Acceptable explanations of delinquency are not limited…Any reason…established that the taxpayer exercised ordinary business care and prudence but was nevertheless unable to comply within the prescribed time will be accepted as reasonable cause.

United Tax Group can remove the penalties the IRS has assessed you and lower your tax debt.

Don’t hesitate, contact the professionals at United Tax Group, 877-829-3703 today!

 

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