Penalty Reductions and Waivers
The IRS can reduce or waive tax penalties. When applying for penalty abatement, the IRS will review the facts and circumstances of your case and make a determination as to whether your situation falls into one of the categories for reasonable cause.
- Fire, Casualty, Natural Disaster or Other Disturbance
- Death, Serious Illness, or Unavoidable Absence
- Unable to Obtain Records
- Mistake Was Made
- Erroneous Advice or Reliance
- Ignorance of the Law
- First Time Violation
Kresch Tax Resolution Services can help you determine whether you qualify for penalty abatement relief.