Why You Need a Tax Lawyer for Penalty Reduction
A potential client once asked us if a tax attorney could help reduce your IRS penalties. The answer is they absolutely can.
The IRS assesses taxpayers over $40 million in penalties each year. The most common penalties are for late payment, filing, or tax return errors, but there are many more. Having penalties piled on top of debt the taxpayer already owes, can cause the amount due to quickly spiral out of control. Seeing thousands of dollars in penalties can be overwhelming.
Here is a story about one of Tax Law Office’s clients to prove how important having an experienced tax attorney is.
Tax Law Offices had a client who was a business owner. An accountant on his staff handled the business’s finances, including filing and paying taxes. Unfortunately, this employee was not filing all the business’s tax returns and not paying the tax owed for the years returns were filed.
Our client ended up owing substantial back taxes and thousands of dollars in late payments, late filing penalties, and interest.
Case analyst Katie Ross immediately went to work for our client. Because we could use our experience and expertise, we made the correct argument to the IRS. We were able to get $13,000 in penalties removed!
There are specific rules regarding penalty removal. You do not want someone untrained to try this for you. You also don’t want to try to do it yourself.
Remember: A request to remove IRS penalties is a serious legal argument. This should only be done by a qualified tax attorney.
You may need professional help. If you know you’ve been penalized unfairly, contact Tax Law Offices.
We will come up with a plan to get those penalties removed!