Penalty Abatement

If you have been assessed with a tax liability, the Internal Revenue Service will also assess penalties and interest on top of the principal tax that you owe. Penalties can include but are not limited to failure to file, failure to pay, or even failure to pre-pay your taxes. Penalties and interest tend to be exorbitant when compared to the principal tax. In many cases, we have seen taxpayers owe more in penalties and interest than they do in principal tax. These penalties are absurd to say the least. At Phoenix, we have perfected our craft by knowing the law and knowing your rights. Penalty abatements may be granted if a taxpayer has reasonable cause. However, proving reasonable cause can sometimes be a challenge. Put your faith in Phoenix, we will prepare a Request to Abate Penalties and negotiate with the IRS until the penalties and associated interest are removed from your liability.