If you are one of the many taxpayers with back tax debt, we understand your fear. Maybe youre worried that coming forward will get you into more trouble, but not taking action is about the worst thing you can do. Many taxpayers do not realize that everything is negotiable with the IRS if your financial situation warrants a potential settlement. Failure to pay IRS back taxes can result in penalties and interest that can compound over years, creating tax debt that could be substantially larger than the initial amount owed. Non-payment of penalties and interest can result in garnishment of your wages, placement of a levy or lien against your property, or complete seizure of your assets. The longer you wait, the greater the risk of IRS problems mounting against you. An abatement of penalties is a request to the IRS to remove certain penalties that were added to the taxpayer’s account for a particular year or multiple years. The taxpayer is required to have ‘reasonable cause’ that is specific for each year when submitting this request and must be able to explain why this reason should grant the penalties to be removed from their account. Let Action Financial guide you through the arduous process of settling your IRS tax debt for good. If you would like more information, fill out the form above or call us at 1-888-888-1072! >>
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