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Penalty Relief

Taxing authorities have the power to waive the penalties assessed on your tax liability. You may qualify for a penalty abatement if you experienced one of the following hardships:

 

  • Death or serious illness of the business owner or someone in your family
  • Incorrect information given to you by a representative of the IRS or state taxing authority
  • Theft, embezzlement or other vandalism which negatively affected your cash flow
  • Divorce or other domestic problems
  • A disaster such as a flood, fire, etc.
  • Unavoidable absence which did not allow you to pay or file on time
  • Chemical or alcohol dependency
  • Other reasonable cause as defined under IRS tax code and regulations

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