Tax penalty abatement is the most common way to challenge IRS penalties, and it helps to stay your IRS tax debt so that Community Tax Relief can help to work with you and the IRS to settle your debt. Tax debt should be addressed as soon as possible, as it continues to mount with each year. Failure to pay penalties are a large portion of the tax debt that many financially distressed taxpayers face. In many cases, the IRS begins to garnish wages through the employer if the tax debt is large enough. Income tax has been a permanent fixture in the US tax system since 1913, and it has effectively evolved to include clauses and procedure for tax penalty abatement and IRS debt settlement, especially for distressed taxpayers who do not have the materials to pay down their debt.
There are certain conditions that must be met in order to be considered for tax penalty abatement or any other tax debt settlement, and these include doubt as to collectability, doubt as to liability, and doubt as to effective tax administration. The first condition means that the taxpayer will be unable to ever pay the tax debt fully; the second and the third relate to how the debt was determined and the circumstances surrounding the debt. All of these conditions and more are considered by Community Tax Relief when they work with their clients. They desire to “create a new standard for the industry” and serve the client first. They see many companies that offer tax penalty abatements and IRS tax debt relief taking advantage of clients, and Community Tax Relief makes their clients a priority. Read this website for more information: ctaxrelief.com