Interest Abatement2019-08-23T17:02:24-07:00

Interest Abatement

People ask us constantly if their penalties can be removed and whether they can get an interest abatement.  We assume that you have come to this page because you too want to know if your interest and penalties can be waived.

Typically interest will not be waived so we will focus on penalties here.  Penalties may be waived if (1) you are able to show cause or (2) you are a 1st time offender.  When determining whether to request abatement of penalties, the Tax Resolution Institute determines if the benefits warrant the fees charged for this work.

Aside from the cost of requesting a penalty abatement, we consider how much of a burden will be placed on the client.  In some cases, requesting an abatement requires substantial documentation which may put an undue burden on the client as well as causing a great deal of time to be spent.

Interest abatement

Interest abatement must be weighed in terms of “prize vs. price”. Call (818) 704-1443 today.

Interest Abatement: it’s “Prize vs. Price”

In some cases requesting to waive penalties is a “no brainer” and we will jump at the chance to do so.  In other cases the cost of requesting the abatement may outweigh the benefit.  For example, if a client owes $100,000 that they cannot afford to pay and we can request that the IRS remove $2,000 in penalties, it may cost the client money that they can better spend elsewhere without wasting valuable time knowing that success will only lower the client’s liability to $98,000…an amount they can no more afford to pay.

We can Help

Needless to say, if your case warrants a request for abatement of penalties, you have come to the right place.  We have over 25 years experience helping clients with issues such as yours.

Read in detail abatement of penalties and interest…

Get Started Now

  • *mandatory field, thank you!

Related articles about Interest Abatement and the IRS:

Who Do You Pay and How Do You Do It?

The ins-and-outs of employees vs outside contractors Employee vs Independent Contractor – Overview If you run a business and get support from workers other than yourself, you have probably asked yourself the question "should I [...]

The IRS Wants to See You Suffer!

In Their Resolution Outline, the IRS Ignores the Hardship Option When the IRS presents back tax resolution options to the public, why is it that IRS hardship status is not listed and an Internal Revenue [...]

The Taxpayer Bill of Rights Can Help You

Did you know that there is a Taxpayer Bill of Rights that is designed to protect you from being taken advantage of by the Internal Revenue Service? After receiving a detailed proposal from National Taxpayer [...]