1. What is a penalty abatement and how can it benefit me? 

A penalty abatement is a process where the IRS reduces or eliminates tax penalties associated with your tax debt. This can significantly lower your overall tax burden.

2. Do I qualify for a penalty abatement? 

The IRS considers various factors when evaluating requests for penalty abatement, including “reasonable cause” for the late filing or payment. We can analyze your situation and determine if you have grounds for seeking a penalty abatement.

3. What are some examples of “reasonable cause” for penalty abatement? 

There are many reasons the IRS may consider reasonable cause, such as serious illness, natural disasters, or death in the family. We can advise you on whether your situation qualifies.

4. How can your team help me with penalty abatement? 

The penalty abatement process can be complex. We can help you gather necessary documentation, build a strong case demonstrating reasonable cause, and navigate communication with the IRS on your behalf.

5. What happens after I request a penalty abatement? 

The IRS will review your request and provide a decision. We can help you understand the decision and explore further options if necessary.