Do you owe back taxes to the IRS because a life emergency prevented you from filing your return on time? If so there's a possibility that you'll qualify for an IRS relief provision called penalty abatement. If you're able to get an abatement, you may be able to have your late filing penalties forgiven. However, qualifying for this provision is not easy and the IRS will not offer it to you simply because you made an error on your forms or forgot to send in your return on time. If you'd like to inquire about receiving penalty abatement don't deal with the IRS alone. Request the assistance of a qualified tax resolution specialist.
If you owe a substantial amount of back taxes that you will not be able to repay to the IRS, you may consider applying for an offer in compromise. This provision allows eligible taxpayers to drastically reduce or eliminate their outstanding tax liability. Learning how to qualify for an offer in compromise can help you to make a successful request and have your offer accepted by the IRS.
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