Penalty Abatement - in some cases the IRS will reduce or eliminate a taxpayer's penalties on their debt.
However, pursuant to Federal Law, the taxpayer must be able to show "reasonable cause" before the IRS will agree to penalty abatement. Reasonable cause means regardless of the taxpayer's "exercise of ordinary care and prudence," he was unable to file his tax return or pay his taxes on a timely basis. Generally, the success of penalty abatement depends on the taxpayer's past history of filing their tax returns and paying their taxes.
As a local Sarasota Tax Attorney concentrating in IRS Problem Resolution, I can help you decide if an IRS Penalty Abatement is the right solution to your IRS tax debt problem. Please call the Law Office of Mary E King for your free consultation at 941.906.7585 or email Sarasota Tax attorney Mary King Esq. for your free IRS Tax help consultation.