Penalty Abatement in Fullerton, CA

What Is a Penalty Abatement?

With our help first-time penalty abatement (FTA) is possible and is the process by which the IRS agrees to remove penalties from your tax debt. That includes penalties for failure to file, failure to pay, and failure to deposit. The IRS might also eliminate interest related to those penalties.

Tax debt accumulates penalties and interest much faster than many people realize. If your debt is a few years old, you might see your liability growing at a faster rate than you can pay. We can help reduce or remove these penalties if you are eligible for a penalty abatement.

Taxpayers can request relief from penalties. For the failure to file or pay a fine, taxpayers can ask the IRS to "abate" the penalties. Abatement is simply eliminating the penalties after they are evaluated to the taxpayer. Failure to File (FTF) and Failure to Pay (FTP) fines generally require abatement due to the fact that the IRS assesses these penalties in an electronic format (using its computer systems) when a return is submitted, or a transaction is made on a balance due account.

Other fines generally require different methods to request relief. For example, the estimated tax penalty is generally not "abatable" by the taxpayers. Rather, taxpayers can request an exclusion from the penalty when submitting their income tax return (individuals use Form 2210).

Other penalties are advised during IRS audits and evaluations. These include accuracy or fraud penalties, and usually require the taxpayer to deal with IRS auditors or appeals officers prior to the assessment of the penalty. Taxpayers can ask for abatement of return accuracy penalties after they are analyzed, however the abatement process might require using unique IRS methods or taking the IRS to court. This can take years to settle.

You may get approved for relief from fines if you made an initiative to abide by the demands of the law, but were unable to satisfy your tax obligations due to circumstances beyond your control.

If you received a notification, be sure to check that the information in your notice is accurate. If you can correct a problem in your notification, a penalty may not be applicable.

Penalties qualified for fine relief consist of:

  • Failing to file a tax return
  • Neglecting to pay on time
  • Failing to deposit certain taxes as demanded
  • Various other penalties as applicable

For more information about the Penalty Abatement in Fullerton, California, contact Tax Alliance at 800.987.3051 or visit our website: TaxAlliance.com to learn more. Let's Resolve Your Tax Debt Today!

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Efficiency through Automation!

Because of advancements in our technology, we are able to communicate with the IRS electronically, its as if we are in the same office! Faster service and more cost effective!

Our Money Back Guarantee!

If you are not happy with our tax services within the initial 21 days, we will give you a 100% refund of services rendered, no questions asked!

Price Match Guarantee

You find it, we will match it! Tax Alliance will match and beat (by 10%) any competitive offer. Contact our office today and receive a free no obligation tax consultation.

Call Us