We Help Clients Obtain Relief for Taxpayer Penalties
At Damiens Law Firm, PLLC, we know that anyone can suddenly face financial difficulties due to a variety of reasons that make paying federal taxes on time a major obstacle. Unfortunately, failing to pay your taxes can result in severe penalties and a significant amount of interest being tacked on to the total tax debt. If you can’t afford to pay your taxes and are uncertain about how you should proceed, then please reach out to our skilled Memphis tax lawyer so we can discuss all of your options for relief under the law.
First-time penalty abatement waiver
Although missing the tax deadline is a very serious matter, the IRS can remove penalties from your tax liability if you made this mistake. The IRS issues first-time penalty abatement (FTA) waivers that grant relief for failure-to-file, failure-to-pay, and failure-to-deposit penalties.
However, delinquent taxpayers must meet the following criteria to qualify for an FTA:
- No tax penalties for the past three years
- All required returns or valid extensions have been filed
- Paid or made payment arrangements for outstanding debt
The best strategy for obtaining an FTA waiver is to have a knowledgeable lawyer write to the IRS on your behalf to ensure all the relevant information is included.
Let us assist with your FTC waiver application today
Our Memphis penalty abatement attorney has a stellar reputation for successfully representing numerous clients throughout Memphis in a variety of cases dealing with the IRS. We have the knowledge and skills to help you mitigate and avoid the costly penalties associated with taxpayer delinquency. Have you already paid fines and interest for tax penalties? Then please reach out to our legal team so we can help you file for a refund.
To learn more about your IRS mistake allowance, please call 601-957-9672 to set up a free case consultation with Damiens Law Firm, PLLC so we can get to work for you.