Penalty and Interest Abatement
What You Should Know
Taxpayers facing large tax liabilities often see their debts increase significantly due to added penalties and interest. The IRS often applies various penalties and interest to unpaid back taxes making it more difficult for taxpayers to pay their federal tax debt. These penalties are mandated by the U.S. Tax Code and are most commonly assessed against taxpayers for nonpayment or underpayment of taxes, failure to timely file a tax return, and failure to make payroll tax deposits. In addition to interest that accrues on any unpaid tax, interest is also charged on the penalties themselves.
How We Can Help
As your tax representative, we will conduct an in-depth review your tax transcripts to identify which penalties and interest have been assessed against you and, as applicable, seek a full or partial abatement of penalties and interest resulting in an overall lower balance due. Should the IRS deny our request to remove the penalties and interest, we will prepare and submit a formal appeal and represent you in front of the Appeals Division. In additional to removing penalties and interest from your account, we will use our Preventative Approach℠ to ensure you have the knowledge and information you need to prevent penalties and interest in the future. As former IRS Auditors and IRS Officers, we know how the IRS works and how to protect you and your assets. Request a FREE consultation with our ex-IRS agents here.
“I appointed Landmark Tax Group as my authorized representative, and from that moment forward LTG communicated with both agencies on my behalf…I could not have been more pleased with the results I achieved as a result of LTG’s efforts.” – Pat N.
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For immediate assistance with penalty and interest abatements, or another tax matter, contact us today at 1-714-382-6780 for a FREE and CONFIDENTIAL consultation.
We look forward to serving you.
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