Penalty Abatement

Another popular tax debt settlement option is Penalty Abatement. Tax penalties can turn a relatively modest debt into a monstrous burden literally overnight.

If you can demonstrate to the IRS that there are exceptional circumstances for having gotten into debt and that you have honestly shown "no neglect" and "due diligence" in trying to pay back the tax debt, then an IRS Penalty Abatement waiver, properly submitted, could potentially save you thousands of dollars in penalty charges, allowing you to pay back what you actually owe.

Like the Offer in Compromise, a Penalty Abatement waiver request involves a specific procedure based on IRS guidelines to prove validity.

If you need help resolving your IRS tax debt, please call us today at (317) 782-4204 for a free consultation.