Owing back taxes is stressful enough — but the IRS often makes matters worse by piling on penalties. From failure-to-file and failure-to-pay penalties to accuracy-related fines, these extra charges can double your debt in a surprisingly short time.
The good news? The IRS sometimes offers penalty abatement, removing certain penalties if you can show reasonable cause or if you qualify for their First Time Abate program.
Common grounds for relief include:
- Illness, natural disaster, or other circumstances beyond your control.
- Reliance on incorrect professional advice.
- A clean compliance history with no prior issues.
Successfully obtaining abatement isn’t automatic. It requires a clear, well-supported request that demonstrates why penalties should be removed.
At Fair Tax Solutions in Marietta, Len Nelms has helped countless Georgia taxpayers request and secure penalty relief, significantly reducing their balances and easing the road to resolution. Call today for your free consultation.
