Remove IRS Penalties

Remove IRS Penalties Minneapolis

There are a “dime-a-dozen” tax consultants promising to remove IRS penalties that you have accumulated from making late payments. People believing they can pay $2,000 to save $20,000 is a bargain they’re willing to make. But what most people don’t know is that penalties don’t get removed often and especially without any viable ground or solid proof.

How To Reduce IRS Penalties

Removing penalties using the Form 1040 on your first tax return is rather easy. Just by providing a reason like that “you forgot” or “you thought that you filed them” should be enough of a reason to remove taxes in your first year. To claim a refund, you can fill out the Form 843 and provide a viable reason as to why the penalty was unjustified. These mostly work and are easy to manage and can be used for any number of years.

General Ways To remove Tax Liability

Follow these 3 tips to make sure your tax liabilities are removed:

  1. Always make sure that the IRS has recorded your payments. Keep account of all the payments you make. Make sure to check that all penalties and interest have been taken out of your tax. Keep in mind to file original reports for any payroll report, under code 6020-b that the IRS filed.
  2. You are free to correct any return you feel are unjustified. Make a detailed document as to why the return is unjustified and provide the IRS with what you believe is the right return.
  3.  Follow the instruction for penalty abatement we have provided on our site.

How To Reduce Interest

Interest is only added when you exceed your due date of payment. When a tax liability is removed, so is the interest. When penalties are removed, so is the interest that accompany them. When you believe that you have been charged with unjust interest, you can confront this by making an appeal. You can do so by providing sold proof as to why the interest is misplaced or caused by an employee or any error on the IRS’s end. You will have to prove the following:

  • Viable proof that the error occurred due to a procedural or mechanical act, or a managerial act regarding the underlying case.
  • The error occurred because of the notice or information provided by the IRS.
  • You weren’t in any way responsible as to why the error happened and was out of your control to fix it.

If you would like to make an appeal to get relief your from your interest, you are advised to do so. But keep in mind that the IRS incorporates a defensive posture in regards to such claims and might exhibit hostility even when your claims might have some ground.

It is advised that you incorporate the aid of a tax professional to help you gather all the necessary perquisite information regarding the case so you can make sure that your request is successfully accepted.