PENALTY & INTEREST ABATEMENT

Penalty & Interest abatement is when you petition the IRS to reduce or eliminate penalties and interest that you legally owe the IRS but are requesting elimination or a reduction of. The request for penalty and interest abatement has to be written for your unique tax situation. The IRS reviews penalty and interest abatement requests individually thus giving you a higher chance of success. If your request is initially denied, you can appeal the denial as well. However – the appeal is based upon what was originally submitted  – which make it even more important that you have a knowledgeable firm prepare you penalty and interest abatement request.