There are a voluminous amount of penalties that the IRS can assess against a taxpayer, but the most common ones are for failing to timely pay taxes and failure to timely file tax returns. You may be eligible to have your penalties eliminated or reduced if you have what the IRS calls “reasonable cause,” which may be simply defined as a “good reason or excuse” as to why you didn’t pay or file your tax returns in a timely fashion.

Abating or reducing interest is a more difficult task and will typically only be done if the IRS is at fault for a delay or error related to your taxes.

Please contact me at 865-566-0125 immediately to see if you qualify for reducing or eliminating your tax penalties and interest.