As with most dealings with the IRS, requesting a penalty abatement can be difficult to accomplish on your own without extensive knowledge of tax law and experience in dealing with the specifics of what may or may not qualify for a successful penalty abatement and in many cases it may take appealing the denial of […]
The form used for the most common circumstances for abatement certain penalties is the 843 Request for Abatement and Refund form. Some of the reasons for utilizing this form for an abatement or refund would be for additional tax caused by certain delays or errors by the IRS, an employer error or over withheld tax […]
There are several ways to accrue penalties with the IRS such as failing to pay your tax bill on time, filing your taxes late or not filing at all to name a few. The IRS will agree to abate certain penalties through the First Time Penalty Abatement waiver which can be applied for a single […]