Requesting a Penalty Abatement

Demanding a Penalty Abatement

To provide your penalty abatement request a professional form the following steps are recommended:

• Hire a tax relief service in order to make certain nothing goes wrong and the whole situation get resolved much faster. 
• Establish a practical reason details and discuss with your tax attorney. 
• Collect your sustaining documentation for the cause, or better yet have a tax resolution service company do it for you. 
• Photocopy your IRS notice illustrating the penalty clearly. 
• Compose a penalty abatement request letter 

1. State the tax bill 
2. Clarify your sensible cause 
3. Be concise 
4. Affirm that you’re appealing a penalty abatement 
5. Sign and date 

• Compose numerous copies of the request letter. 
• Post the request letter to the address eminent. Include: the sustaining documentation for your cause, a copy of the original IRS notice, IRS Form 843. If you have trouble putting all this together, hire a tax relief service for fast and efficient tax debt relief. 
• If you do want to hire a tax debt relief company, read this article on what they do for you and how they will help you. 
• The mailing address should be the same as where you mail your 1040 series tax return. 
• The IRS will react to your request within 2 months, remember to resend only when it has passed 45 days since you originally sent the letter; just change the date on the letter.

Payment Plans: Part I

An installment agreement, or payment plan, is a concurrence with the IRS to reimburse your tax debt over an assured number of months. The IRS promotes you to pay the tax debt you owe and file unfiled income taxes ASAP. When an individual or a business is not able to resolve a tax debt at once, an installment agreement becomes a practical payment choice, particularly if they don’t meet the criteria for an OIC. To be entitled to an installment agreement, the last six years of tax returns should be filed to be amenable. There are guidelines concerning how the IRS concludes the payment amount and time frame for the agreement, such as the following:


1. If you owe $10,000 or under, and all returns are filed, and this is the only tax debt relief issue you have, the IRS guarantees to place you in a payment plan as long as you can pay the balance within 3 years. While a taxpayer might be able to situate this without representation, they might not be capable of coupling this plan with a penalty abatement request, and could therefore pay the IRS more than entailed. If would be best to hire a tax debt relief company when this happens to you. You need adequate representation against the IRS.

2. If you owe between $10,001 and $24,999, and all your returns are filed, you can enter a streamlined payment plan. This type of payment plan, no assortment activity will be taken, interest and penalties will be reduced each month, and tax debt relief can be achieved over several months as long as the taxpayer is making payments on time per month. Usually, no 433-F is needed to enter this plan, nonetheless just as above, entering a streamlined plan is great to buy time and protect you from collections, but it doesn’t help with reducing your debt. This is where a tax debt relief company can help you. If you don’t know where to start, click here.

Tax Resolution

Tax Resolution for Every Situation

1. There are so many people who end up paying their taxes late. The burden of making tax payments is intensified by the nuisance of fines for late payment. Given the current economic status, tax resolution is a fact of life that more people are struggling to deal with.

2. With that being said you must always keep up with your tax obligations as best you can. The most basic piece of advice is that you have to be economically wise enough to pay in the first place to avoid penalties and fines and back taxes. You can contact a tax resolution service to help you get started on getting educated on taxes.

3. Make sure that your files are properly governed; if your files are in order, that will leave you with a better picture of debt and if you will need tax resolution service. It will also ensure you don’t pay the wrong amount to the IRS and that you paid on the right date.

4. Tax extensions are another thing to be attentive to; call the IRS and let them know if you can’t pay on the due date. See if you can come to a mutually favorable understanding and if you find it is next to impossible call a tax resolution service to aid you in negotiating with the IRS.

5. You may find it necessary to hire a tax resolution service and let it be known that hiring a professional will guarantee that the papers are sorted and everything is done on time and in a mannerly form.

6. Everybody hates paying taxes and yet everybody has to put up with it. The control you have is not letting yourself get into a bad situation and be responsible about your taxes. The tax resolution tips on this blog and here should help you start to sort your tax troubles out.

Penalty Abatement?

So what exactly is penalty abatement? Well, it is when your IRS penalties are dismissed because you had good reason for not paying your taxes. A reasonable tax debt can become astronomical when you include IRS penalties and interest. However, it is possible to remove them through penalty abatement and a good tax attorney. 


Common reasons include:

• The death of a family member
• Serious health issues
• Erroneous financial advice
• Natural disaster victim
• Lost or destroyed records
• Theft of funds, including embezzlement
• Divorce that deteriorated your financial condition
• Unemployment
• Retired or fixed income
• Acting as a caregiver causing financial strain

If you call a good tax relief service, they will consult with you and find a way to get your penalties abated. Remember to read up on how to choose the best tax relief service and picking very wisely. I recommend starting here.

Wage Garnishment

What is it?

Wage Garnishment is what happens when you owe a debt and keep ignoring it. It is usually a result of a court order of and requires that money be deducted from the debtee's/employee's monetary compensation (includes salary). This process continues until the debt is paid in full; either by an arrangement or the monetary compensation.

Garnishments can be taken for any kind of debt but the most common are: child support, taxes, student loans, credit cards, and unpaid court fines. Fortunately this is always a last resort effort by debt collectors but unfortunately most people bury their heads when they start seeing the past due notices coming in and the harassing phone calls. This will result in a lawsuit by the collector and most likely a wage garnishment.

What Do I Do About It?

Before you let it get there, it is crucial to contact a tax professional and sort things out. Often a good tax relief service offers a free consultation because they understand you need to know where you and the company stand before they can lend you a hand. The best way to avoid any debt penalty is to do this before any action is taken against you, learn when to get help before it gets bad.

If it has already progressed to the lawsuit stage, you need immediate tax resolution service. Do not hesitate when it comes to this. If you don't think you can afford it, the company will build you a payment plan and getting professional help will ultimately get you out of something like a wage garnishment. Be smart about these kinds of things because debt collectors, courts, and the IRS don't joke around when it comes to this. Do your research, find a good tax relief company, and try to prevent this before it happens; it is always good to take precaution and have one at hand at all times.