Penalty Abatement

General Questions

What is Penalty Abatement?

When you get a Penalty Abatement, it simply means that the Penalty fees associated with the late filing of a return, late payment of tax and late deposit of tax are forgiven. The interest however is rarely forgiven and has nothing to do with the penalty. Compelling circumstances must be present that meet the Reasonable Cause Criteria, as defined in the Internal Revenue Service (IRS) code.

How are Penalties assessed and what are Penalties based on?
Depending on what was the cause of the penalties, there will be a fee charged. The fee is based off of a percentage of the balance that was owed from the original due date which would be April 15th of the year in question.
How did I get Penalties?
You (the taxpayer) may acquire penalties in several different ways, including a failure to file, a failure to pay, fraud due to accuracy on a return, or willful negligence. You can also get penalties from under reporting the amount that you earn working, whether from W-2s not being filed or not reporting on a 1099 Quarterly Estimated Tax. Lastly, you can obtain penalties from an Audit done by the IRS
Is it possible to have my penalties completely or partially forgiven?
You can only get penalties forgiven from one filing year and you can pick any year you want, so we would want to pick the one year with most fees.
How do I qualify for a penalty Abatement?
There are only 2 ways to qualify for penalty abatement:
  1. 1st Time Abatement: must be fully compliant for 3 straight years and if there are any balances owed, you must be on an Installment Agreement (IA) Plan in order to qualify.
  2. Reasonable Cause: Medical (must be in hardship during this time), Natural Disaster, etc

Contacts

Business Hours

  • Monday-Friday: 9am to 5pm PSD
  • Saturday: 11am to 3pm
  • Sunday: Closed

About Tax Relief Partners

Tax Relief Partners prides itself on providing full protection and representation for its clients when dealing with an IRS or state tax problem. As stated, total transparency into our tax resolution process creates the most successful outcomes for our clients. In fact, our two-phase process ensure that you only pay fees toward a resolution program after you have been given a full report of the findings from our investigation.

Disclaimer

We are not guaranteeing that your IRS or state tax debt will be lowered by a specific amount or percentage or that your tax debt will be paid off within a specific time period. We additionally do not provide credit repair services. Read and understand all program materials prior to enrollment, including any potential adverse affect on credit rating. Not available in all states. Speak to a Tax Relief Partners representative for details.

Contact Us

3100 S. Harbor Blvd. Suite 220
Santa Ana, CA 92704
Phone: 800-550-0781
Email: help@taxreliefpartners.com

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