Abate IRS tax penalties in Mesa Arizona
Tax Debt Advisors, Inc. can help you with your IRS Abatement of Penalties in Mesa AZ
One of the worst IRS penalties is the failure to file penalty. This penalty is 5% per month for the first 5 months that you file late. So by not filing an extension you have added 25% to your total tax debt if you owe on your return. The IRS will consider Mesa AZ abatement of penalties if you can show “reasonable cause.” This would have to include serious illness including depression, weather disaster, or some economic hardship that caused you to file late.
The failure to pay penalty is ½% per month. This penalty is 1/10th of the failure to file penalty. So the IRS thinks it is ten times worse that you don’t file than not paying your taxes. On both of these penalties, it is best to have paid off the tax debt owed before requesting abatement of these two penalties. Request your Mesa AZ penalty abatement by submitting IRS Form 843. You should expect the IRS to request proof of your reasons for not paying or filing on time.