Free eBook on Abating Penalties

In our previous blog, we discussed the First Time Penalty Abatement program.  Click here to read more about this program.  Your situation doesn't meet the requirements for the First Time Penalty Program.  Now what?  You can obtain our Free eBook on abating penalties based on reasonable cause.  

The First Time Penalty program doesn't work for all situations.  Here are a few examples:

1)  Assessed penalties for multiple tax years

2)  Assessed penalties for failure to file information returns such Form 1098, 1999, W-2 and foreign gift tax return

If you were assessed a penalty not covered under the First Time Penalty Program, you may be able to remove the penalty based on reasonable cause.

There are seven reasons to waive IRS Penalties.

1)  Death, Serious Illness, or Unavoidable Absence

2)  Fire, Casualty, Natural Disaster, or Other Disturbance

3)  Unable to Obtain Records

4)  Mistake was Made

5)  Erroneous Advice or Reliance

6)  Ignorance of the Law

7)  Hardship

Click here to learn more about the seven reasons to waive IRS penalties.

If you have a reasonable cause to abate penalties, the next step is to contact the IRS.  We developed a FREE eBook to help you request penalty relief yourself.  Get your copy of the Free eBook, 5 Steps to IRS Penalty Relief.