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How to Get Rid of IRS Penalties - IRS Penalty Abatement

You can also supply documentation of a natural disaster or other events that kept you from filing or paying your taxes. If this is the very first time you have missed filing or paying, you may be able to receive a first-time penalty abatement in cases of failure to file, failure to pay, or failure to deposit taxes when due. A statutory exception may be in order if you received incorrect written advice from the IRS. You need to present documentation to support your case. In every case, you need to gather and present documentation showing the reason you should receive a penalty abatement.


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Because there were several changes made to the tax code took effect at the very end of , many people did not get enough tax withheld from their wages and others underpaid their estimated taxes for the tax year. The IRS does not provide relief from interest charged in cases of reasonable cause or first-time penalty relief.

Owe the IRS? Here Are Your Options.

It must charge interest by law so you will continue to accrue interest until you have paid your account in full. However, if any penalties are reduced, the related interest is also reduced automatically. The IRS offers waivers for specific tax penalties, typically in cases where it is not possible for the taxpayer to have filed or paid on time.

However, the abatement must be based on a reasonable cause, first-time penalty, or an administrative or statutory exception. On the other hand, there is no relief from interest, only the reduction of interest if a penalty is abated. If you believe you qualify for a penalty abatement, contact the IRS or consult with Top Tax Defenders to determine the way forward.

Penalties Eligible for Relief While not an all-inclusive list, the IRS allows relief for the following common penalties: Failure to file a tax return Failure to pay taxes on time Failure to deposit certain taxes as required Any or all of these are eligible for penalty relief. Fire, natural disaster, casualty, or other serious disturbances count as reasonable cause.

Penalties for Unfiled Taxes

Plenty of people in the U. If your home or business is in a riot zone, you may receive a waiver since having your structure blocked off by police tape is probably considered a pretty serious disturbance. If you are unable to obtain your records, the IRS may grant a waiver. Death, serious illness, incapacitation, or unavoidable absence of you, the taxpayer, or a member of your immediate family is considered reasonable cause.


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Neither does lack of funds unless the reason for the lack meets reasonable cause criteria. What happened, and when it happened.

The facts and circumstances preventing you from filing your return or paying your tax on time. How did these facts and circumstances come together to keep you from filing or paying your taxes, or performing your other daily responsibilities? Once the facts and circumstances changed, what did you do to file and pay your taxes? Interest charged on a penalty will be reduced or removed when that penalty is reduced or removed.


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  8. If an unpaid balance remains on your account, interest will continue to accrue until the account is full paid. See our Interest Overview page for additional interest information.

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    Common IRS Tax Penalties Explained | Clean Slate Tax

    More In File. You filed all currently required returns or filed an extension of time to file. You have paid, or arranged to pay, any tax due. Is Interest Relief Available? Related Topic Penalty Relief.