IRS Tax Penalty Abatement Services for Raleigh-area Taxpayers
IRS tax penalty abatement refers to the reduction of penalties imposed on taxpayers who fail to comply with one or more provisions of the Tax Code or the Treasury regulations. Tax penalties exist to "encourage" taxpayers to follow the law. Our work with Raleigh area taxpayers has demonstrated to us that the burden imposed by IRS penalties is greater now than ever as the Internal Revenue Code now gives the IRS the power to impose more than 140 distinct tax penalties. To make matters worse, tax penalties are cumulative so you may find that multiple penalties will be applied to a single tax return or year.
There are five types of tax penalties that may be qualify for IRS Penalty Abatement:
- Accuracy-related penalties
- Penalties for tax fraud
- Penalties for under-payment of tax
- Penalties for filing late or failing to file tax returns
- Combined penalties
The IRS has many ways to collect tax penalties, including:
If the IRS files a tax lien against you, you may find yourself in a vicious cycle. A tax lien prevents you from disposing of your assets until you pay your tax and resulting tax penalties. This may result in the inability to get a job or own assets in your name. The vicious cycle is created because you are unable sell the assets that you would otherwise be able to, in order to satisfy your IRS back taxes.
IRS Wage Garnishment
The IRS can even take your wages directly to apply towards your past due tax obligations. Once your employer has garnished your wages there's nothing you can do to get that money back, though with our wage garnishment service, we can stop wage garnishment and prevent the IRS from continuing to take your wages.
IRS Notices, Summons, and Seizures
The IRS can issue collection letters, notices and summons' to you, and they can even communicate directly with your neighbors and even your employer. Like any tax problems, IRS tax penalties cannot be ignored, but rather must be acted upon quickly. Raleigh Pure Tax Resolution specializes in IRS penalty abatement and we'll get started on your case right away.
The tax professionals at Raleigh Pure Tax Resolution are available 24/7 to handle your IRS tax penalty abatement needs, and can provide tax penalty relief for Raleigh area taxpayers. Contact us today for a FREE consultation.