Penalty Abatement Requests

If the IRS or state tax authority has assessed a penalty against you or your business, you’re not alone millions of taxpayers face the same situation each year.

The key is knowing that penalties can often be challenged and, in many cases, reduced or removed.

At Golden Lion Tax Solutions, we stand by your side throughout the process… identifying the best approach to contest the penalties and negotiating for your interests as aggressively as possible once your case is assigned to an agent for review.

A petition for Penalty Abatement can address a variety of penalties, but the three most common are:

• Failure to deposit taxes

• Failure to pay

• Failure to file a tax return

There are three main types of penalty abatement, each with its own requirements:

• Statutory Exception:

  Applies when the penalty was assessed due to circumstances specifically outlined in the law.

• Administrative Waivers:

  Granted under certain IRS policies or programs.

• Reasonable Cause Penalty Abatement:

  Applies when you can demonstrate that circumstances beyond your control prevented compliance.

We assist both individuals and businesses in preparing and submitting penalty abatement requests. Success depends on presenting a well-prepared, fully supported case — and that’s where having a skilled tax resolution professional makes all the difference.

If you want a tax debt resolution firm that will keep your best interests in mind as we battle on your behalf to address your IRS or state tax debts, reach out to the team at Golden Lion Tax Solutions.

There is ALWAYS a solution, and we are the experts at getting it done.