IRS Penalty Abatement for West Palm Beach Taxpayers
The IRS is hungry like a Florida gator. If you owe back taxes they are not satisfied with only the repayment of the underlying tax amount. They want more, so they hit you with a number of tax penalties that can increase the tax debt significantly. Unfortunately, this causes taxpayers to fall further into debt.
Tax penalties exist to encourage taxpayers to follow the law and occur if you are late filing your tax return. Regrettably, tax penalties are cumulative. The IRS has many ways to collect tax penalties, including:
If the IRS places a tax lien against you, you will be legally prevented from disposing your asset until your back taxes are satisfied. Unfortunately, this means you will be unable to sell items for extra money that could be used to repay the debt. Tax liens have been known to cause a disruption in job acquisition, buying a home/car, or ability to own assets.
IRS Wage Garnishment
The IRS can contact your employer and have them send a fraction of your paycheck to apply towards your back tax obligations. Once your wages have been garnished you have no way of getting the money back.
Resolve Your Tax Penalty Problems
At West Palm Beach Pure Tax Resolution we have helped many taxpayers nationwide satisfy the IRS’ hunger and reach a settlement through IRS penalty abatement. IRS penalty abatement is a solution to your burdening tax penalties. It allows taxpayers a reduction of the following penalties:
- Accuracy-related penalties
- Tax fraud penalties
- Under-payment of tax penalties
- Late filing or failure to file taxes penalties
- Combined penalties
IRS tax penalties cannot be ignored and must be acted upon quickly. West Palm Beach Pure Tax Resolution will get started on your case right away to end the addition of more tax penalties and to reduce the ones you already face! Contact us today for a FREE consultation (561) 293-2577.