The IRS issues penalties for a wide range of issues, many of which arise from unintentional taxpayer mistakes. Working with an experienced tax professional when filing your tax returns and communicating with the IRS can help you steer clear of mistakes, understand your options, and uphold your rights as a taxpayer.
Learn how Levy & Associates helps you avoid penalties from the IRS.
IRS penalties may arise if you submit erroneous tax returns and do not pay the full amount of taxes you owe. While mistakes on your tax returns may be unintentional, the IRS can still penalize you.
Levy & Associates can help you avoid penalties by managing your tax filings for you. This helps you avoid errors and maximize your deductions, potentially saving you money on your tax bill.
If you are facing sizable tax debt, you might think you have no choice but to pay it or face penalties. But if you are going through financial hardship, paying your tax bill by the deadline might not be feasible, potentially leading to interest charges and other penalties.
Levy & Associates can help you understand your options for tax relief and penalty abatement. The IRS offers a few tax relief programs to make paying taxes more manageable for those experiencing financial hardship. A few options include:
You might also qualify for penalty abatement to relieve penalties applied to your account. This option is reserved for taxpayers who made an effort to meet their tax obligations but could not due to circumstances outside their control.
Exploring all of these options with a tax relief attorney could help you minimize your debt or penalties.
Another way Levy & Associates can help you avoid penalties is by providing representation for appeals to the IRS. If you disagree with the IRS’s determination or believe it was unfair, you generally have the right to appeal the agency’s decision. But managing appeals alone can be challenging.
A tax attorney can help you explore the option of appealing a tax controversy that has left you with IRS penalties. If you decide to move forward with an appeal, they can provide representation throughout this process.
Sometimes IRS penalties are unavoidable, especially if you were capable of paying your unpaid taxes but failed to do so. But a tax attorney may be able to negotiate with the IRS to reduce your penalties or implement another form of relief.
An effective negotiation relies on a thorough understanding of the penalty applied, extensive documentation supporting your case, and a good-faith effort to make the penalty payments and comply with the IRS. Levy & Associates offers IRS negotiation assistance to help clients seek more manageable penalties.
Now that you know how Levy & Associates helps you avoid penalties, you can turn to our tax attorneys and professionals for qualified assistance with tax concerns. We assist clients with yearly tax returns, audit representation and defense, penalty abatement, and more. Call us today at 800-829-5389 or fill out our contact form to learn how we can help you avoid penalties.
Levy & Associates is available for free initial consultations. We’re happy to answer any questions you have about the audit process or address any concerns about your specific situation.
There’s never a good time to be audited, and the time-consuming process will take away from your business or family if you try to face it alone. Let us handle and coordinate communication, so you can return to your daily life.