Tax penalties, whether monetary or property based, are assessed for the amount of money that is unpaid, the length of time it has gone unpaid, inaccurate returns corrected by the IRS that reveal higher income, not filing forms for employee income or other payments, not withholding taxes from employees, intentional fraud and other infractions.
These penalties are one way that the IRS—as well as the state of Indiana and more local municipalities—tries to enforce timely tax-law compliance. They may be unavoidable in your case, but we can expertly prepare and submit a request for penalty abatement, knowing that what to communicate and how best to communicate it has historically been effective in our clients’ favor.
Utilizing our collective decades of experience and broad knowledge base of tax-penalty appeals, we review your case to determine which penalties have the most potential for abatement and proceed from there. In our communications with tax authorities, we strike the right balance between facts and persuasion, leveraging our lengthy record of successful abatements.
Endeavoring to reduce your financial obligation is the next, progressive step in concluding your business with the IRS or other tax body. Our insight into the inner workings of penalty assessment and the professionals behind the scenes, combined with our agility and ability to get things done, move your case and your business forward.