Penalty Abatement

Qualifying for a Penalty Abatement

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The IRS isn’t going to waive penalties and significant tax debt for just anyone—there are some strict guidelines in order to qualify. To get approval, you will need to prove to the IRS that there is reasonable cause for filing or paying late. Things like natural disasters, medical expenses, and other emergencies are typically acceptable reasons. In some cases, you may qualify if the IRS made a mistake on your return, or delayed your return. The IRS may give you bad advice that leads to penalties; if you have this advice in writing, you may also use it to apply for an abatement.

At Wasvary Tax Services we have multiple years of experience with helping our clients with IRS Tax payment plan situations. Our expertise can help guide you in what can often seem like a totally overwhelming, perhaps even impossible, process.

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