Abatement of penalty allows every tax payer an exception in interest for given time period. Following are the legitimate reasons for the application and qualification for penalty suspension:
- A reasonable cause could be your unawareness of the tax law code.
- If a family member died and you were not able to settle your back taxes.
- If you were hospitalized because of a serious illness and you weren’t able to file for an extension.
- You can be issued administrative waivers if you had a hard time following the advice of a legal tax adviser, if a natural disaster hindered you from paying your back taxes, if it’s your first file for taxes, if you were unemployed for several months or if your financial documents got lost or were destroyed.
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The IRS Problem Solver: From Audits to Assessments--How to Solve Your Tax Problems and Keep the IRS Off Your Back Forever List Price: Sale Price: $4.02  |
DescriptionAre you burdened with the tax debt of a current or former spouse? Have you just received an IRS computerized or "correction" notice? Are you in danger of having your property seized? Has your tax return been selected for an audit? Is the IRS knocking on your door? If you've answered "yes" to any of these questions, you're not alone: more than twenty-five million taxpayers are faced with the terrifying prospect of dealing with audits, assessments, or other IRS problems every year... |
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Tax Debt Solutions: What to do when you owe back taxes |
DescriptionA guide for individuals and small businesses who owe back taxes to the IRS and other taxing authorities |
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Fujifilm INSTAX MINI Twin Pack Instant Film List Price: Sale Price: $11.45 |
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Steeped in Blood Sale Price: $1.99 |
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TurboTax Basic Federal + e-File 2010 - [Old Version] List Price: Sale Price: $4.99 |
DescriptionTurboTax Basic was designed to make doing your simple taxes easy, by guiding you step by step through your federal tax return. TurboTax guarantees its calculations are 100% accurate, or you'll be paid any IRS penalties plus interest... |
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