IRS Penalty Abatement for Indianapolis area taxpayers
Our local Indianapolis tax relief attorneys can reduce your IRS tax penalties
Indiana taxpayers reside in what is known as the "Crossroads of America". Many may feel that they are at their own crossroad if they are facing the burden of tax penalties. IRS penalty abatement is simply the reduction of penalties imposed on taxpayers who fail to comply with at least one provision of the Tax Code or the Treasury regulations.
Tax penalties may be as significant as the primary tax itself, and the burden imposed by the IRS is greater now than ever as the number of tax penalties has increased in recent years. To make matters worse, tax penalties are cumulative. There are five types of tax penalties that may be qualify for IRS Penalty Abatement:
- Accuracy-related penalties
- Penalties from tax fraud
- Under-payment of tax penalties
- Penalties for filing late or failing to file tax returns
- Combined penalties
The IRS has many ways to collect tax penalties and our Indianapolis clients have come to us because of one or more of the following:
If the IRS has filed a public tax lien against you and/or your assets, you will be prevented from disposing your assets until you pay your tax and tax penalties. This may result in the inability to gain employment, buy a house or a car, finance your kids' education and even own assets in your name. Sometimes, this creates a vicious cycle where you can't pay the tax and penalties because you can't sell the assets that you would otherwise be able to, to satisfy your back taxes.
IRS Wage Garnishment
The IRS may even take your wages directly from your employer to apply towards your past due tax obligations. Once your employer has garnished your wages there's nothing you can do to get that money back, though with our wage garnishment service, we can stop wage garnishment and prevent the IRS from continuing the wage garnishment.
IRS Notices, Summons, Seizures
The IRS can issue collection letters, notices and summonses to you where they can communicate directly with your neighbors and even your employer. Like any tax problems, IRS tax penalties cannot be ignored, but rather must be acted upon quickly. Indiana Pure Tax Help specializes in IRS penalty abatement and we'll get started on your case right away.