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Penalty Abatement Requests

Has the IRS or State tax authority assessed a penalty against you or your business? You are not alone. Millions of taxpayers face the same situation every year. Golden Lion Tax Solutions will stand by your side throughout the process to identify the best way to challenge the penalties assessed, and negotiate for your interests as relentlessly as possible once assigned to an Agent for review.

A petition for Penalty Abatement can be a beneficial option to address any penalty assessed by the IRS, the three most common of which are:

  • Failure to deposit taxes
  • Failure to pay
  • Failure to file a tax return
Penalty Abatement Requests
Penalty Abatement Requests

There are three different types of penalty abatement, each with its own requirements and applying to different situations.

  • Statutory exception
  • Administrative waivers
  • Reasonable cause penalty abatement

Golden Lion Tax Solutions can assist both individuals and businesses with filing a request for Penalty Abatement. It is always more effective to present a properly prepared and well-supported request, which is why you need a tax resolution professional that you can trust. Let Golden Lion Tax Solutions fill that role.

Disclaimer: There are requirements that must be satisfied in order to qualify for some of the tax solutions we discuss on our website. Not all of our services will be suitable for every client. Golden Lion Tax Solutions is here to help you find the most appropriate resolution strategy to fit your situation.