IRS Penalty Abatement
Michael C. Whelan • Chicago Tax Lawyer
The Internal Revenue Service (IRS) assesses penalties to the taxpayer for failing to comply with among other things, the late filing of a tax return, late payment of tax, negligence, substantial underpayment of tax, and civil fraud. However, portions of or all penalties assessed by the IRS may be waived or abated through a penalty abatement request when you can establish reasonable cause. Reasonable cause, although subjective, is the reason you, the taxpayer, were unable to file the tax return, pay taxes owed, or made mistakes when attempting to prepare an accurate return.
Expert Help with Penalty Abatement Cases
At Whelan Tax, we do the absolute best in helping our clients penalty abatement cases. You must demonstrate to the IRS that you made attempts to do everything in your power to file and pay your taxes in a timely manner. Unfortunately, in your case, it simply was not possible so you must show proof of this. Here are a couple of things you must demonstrate:
- 1That you were unable to meet your tax obligations despite exercising “ordinary business care and prudence”.
- 2That your inability to pay your taxes falls under one of the IRS “reasonable cause criteria”.
If you suspect you are being charged an unfair penalty, seek out legal counsel immediately. The sooner you file your request the sooner you find out if your balance can be reduced. The Law Office of Michael C. Whelan JD CPA will review your case looking for particular characteristics of your situation that may qualify you for a tax penalty abatement. Contact the offices of Michael C. Whelan JD CPA at (847) 298-9275 to schedule an appointment for a consultation.
