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  • Writer's pictureSean Sadeghi CPA, EA,

Penalty Abatement with the IRS: The Benefits and Why Hiring a Tax Resolution Professional in Los Ang

Owing back taxes to the IRS can be a daunting task, especially when coupled with penalties for late payment or failure to file tax returns. However, there is a solution in the form of penalty abatement, where the IRS agrees to remove or reduce the penalties for a specific tax year. This can significantly decrease the amount owed and help taxpayers get back on track with their taxes.


There are several reasons why the IRS may grant a penalty abatement, including: first-time penalty abatement for those with a good payment history, reasonable cause for those who can prove a valid reason for late payment or filing, and administrative waiver for mistakes made by the IRS in calculating penalties.


Applying for penalty abatement involves sending a letter to the IRS with an explanation and supporting documentation for why the penalties should be removed or reduced. While this process may seem straightforward, it can be complex and time-consuming.


This is where hiring a tax resolution professional in the Los Angeles area can be a wise decision. Tax professionals have extensive knowledge of tax laws and can help ensure your request for penalty abatement is processed correctly. They can also assist in creating a payment plan if your request is denied.


In summary, penalty abatement is a valuable solution for taxpayers facing back taxes and penalties. Hiring a tax resolution professional in the Los Angeles area can greatly increase your chances of success and make the process smoother and less stressful. Don't let penalties add to your tax debt – consider seeking the help of a tax professional today.



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