IRS Form 843 – Penalty Abatement Request
The IRS will accept requests to reduce the total liability. The request has to be formalized with the submission of form 843. A taxpayer will explain the extenuating circumstances that created the liability. If the IRS determines that the taxpayer has demonstrated “reasonable cause” the IRS has the ability to remove some or all of the penalties associated with the debt.
Phoenix Financial Group has the tax professionals on staff to get the penalties removed from your account.
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Most Common IRS Forms
IRS Letter1058 : Notice of Intent to Levy
IRS LetterCP504 : Notice of Intent to Levy
IRS Form 668y : Notice of Federal Tax Lien
IRS Form 668a : Notice of Levy on Bank Accounts or Accounts Receivable
IRS Form 656 : Offer in Compromise
IRS Form 12153 : Collection Due Process
IRS Form 843 : Penalty Abatement
IRS Form 911 : Taxpayer Advocate