I hope you never face this nightmare…
You get a letter from the IRS informing you that it has assessed additional taxes, penalties, and interest on your tax return … and from two years ago. Ouch!
When you pick yourself up from the floor, and check out your tax records, you get a terrible shock.
The IRS is right.
You do owe the extra taxes plus penalties and interest!
Well, before you decide to throw in the towel and start writing a check to the IRS, there is something you can do to beat at least some of this rap.
Submit a “reasonable cause” defense.
What am I talking about? You’ll find out when you…
Secrets to IRS Penalty Forgiveness Using Reasonable Cause
Three ways my new article can save you a bundle:
- We’ll tell you all you need to know about how to make the reasonable cause defense work for you. The IRS can waive penalties against you and your business if it finds there was reasonable cause for your actions. All will be explained when you read the full article.
- We’ll tell what is not a reasonable cause.
- We’ll tell you what to do if the IRS rejects your request for forgiveness. You should definitely request an appeal. There’s a saying quoted by tax professionals: “The deals are in the appeals.”
You see, when you are in appeals, the specialized appeals officers will take a fresh look at your situation. Their training directs them to look at the big picture and the totality of your circumstances. When they do, they just might come out on your side.
We’ll cover all this material in detail when you…