Penalty Relief Archives

Nov 19

If You Have Been Assessed A Penalty By The IRS You May Qualify For First-Time Penalty Relief

By East Coast Tax Consulting Penalty Relief

The IRS allows taxpayers with a clean compliance record to request first-time penalty relief under the First Time Abate (FTA) policy. FTA covers penalties such as Failure to File (FTF), Failure to Pay (FTP), and Failure to Deposit (FTD). While…

Sep 03

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1.6 Million Taxpayers To Receive IRS Penalty Relief

By Salvatore Bochicchio Penalty Relief

To help struggling taxpayers affected by the COVID-19 pandemic, the IRS is providing penalty relief to most people and businesses who file or filed certain 2019 or 2020 returns late. This includes nearly 1.6 million taxpayers who will automatically receive…

Jun 13

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Still Haven’t Filed Your Taxes?

By East Coast Tax Consulting Installment Agreement, Penalty Relief, Tax Debt, Tax Penalties

If you have been procrastinating about filing your 2021 tax return or have unfiled tax returns for prior years, you need to consider the consequences, such as penalties, interest, and aggressive IRS collection actions.

Oct 20

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Don’t Incur Costly Tax Penalties

By East Coast Tax Consulting Penalty Relief, Tax Penalties

Many tax penalties are substantial and can significantly increase the amount you owe the IRS. Penalties can be assessed for various reasons, with some resulting from a taxpayer’s carelessness, overstatement of deductions, failing to report income, or procrastination.

Feb 13

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IRS Appeal Results in Tax Penalty Abatement

By East Coast Tax Consulting Penalty Relief

Our Boca Raton office recently represented a taxpayer before the IRS Appeals Office seeking penalty relief and was successful in removing the penalty due to reasonable cause.

If You Have Been Assessed A Penalty By The IRS You May Qualify For First-Time Penalty Relief

1.6 Million Taxpayers To Receive IRS Penalty Relief

Still Haven’t Filed Your Taxes?

Don’t Incur Costly Tax Penalties

IRS Appeal Results in Tax Penalty Abatement

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