Under specific circumstances, the IRS may remove some or all of the penalties and interest which have been accumulated from the tax debt you owe. This program, called penalty abatement, can help to substantially reduce the overall amount owed, giving you a better chance to settle. If the IRS has tacked on a large sum of interest or a long list of penalties to your debt, this solution may be ideal for you.
At Aaron & Franklin Tax, we may be able to help you apply for a penalty abatement. After you apply, the IRS will review your circumstances and determine whether or not you qualify. If you need assistance with any tax-related issues, contact our team immediately at (704) 498-4947 to schedule a free face-to-face consultation!