Tax Penalty Abatement
Each agency has its own rules regarding penalty assessment, calculation and abatement. One of the most common statements we hear in our practice is "I don't mind paying the taxes I owe, but can you do something about the huge penalties?" This is a reasonable request since in many cases the penalties and interest on those penalties are as large as the taxes that are originally owed.
We will always look at your penalties to see if they could have a reasonable chance of being abated or reduced. We have had success in getting penalties abated or reduced whenever possible.
Many taxpayers are not aware that they may qualify for tax penalty abatement, this is why it is helpful to have representation from a reputable firm like Tuttle & Tuttle CPA.