Penalty Abatement - Services

DISCLAIMER: THE FOLLOWING INFORMATION IS NOT LEGAL ADVICE. THIS IS GENERAL INFORMATION AND DEFINITIONS VARY FROM STATE TO STATE. PLEASE CHECK WITH A LOCAL ATTORNEY OR CONTACT THE IRS WITH ANY QUESTIONS.

Tax resolution companies offer many different services and promise many results, but they don’t tell you exactly what they do.  Below, Bismark Tax, Inc. will show you our services “in action” and let you know how we get things done here in our office with our tax attorneys.  

Penalty Abatement:

IRS penalties and interest turn a small delinquent tax debt into an unmanageable amount within a very short period of time. Penalties begin to accrue for failure to file taxes, failure to pay taxes, civil penalties for filing frivolous claims, and so on... The tax attorneys at Bismark Tax, Inc. are experienced in tax penalty abatements – getting the IRS or state taxing agencies to either completely or partially remove your penalty, to reduce the amount you owe and help you get your tax debt resolved quickly.

Why hire a tax attorney to help you with a penalty abatement?  We have submitted for numerous penalty abatements with the IRS and with state taxing agencies.  We know what works and what does not work.  There are different factors that the IRS uses to determine whether someone is eligible for a penalty abatement.  Below we show you two different scenarios.  

Here we received an IRS penalty abatement in an amount exceeding $8,000 dollar.  Essentially we used our experience and knowledge to get the IRS to agree to the penalty abatement:

Here we received an IRS penalty abatement 7 years after the fact.  Yes that is correct, 7 years after the penalty was paid.  Why hire a tax attorney? This is why: