Know the reasons for Abating Tax Penalties

When you are in tax trouble, interest, penalties, andcause claim.
fines accrue during the entire period you owe.  ThisIf you received incorrect advice from a tax expert,
may seem foolish.  If you could not pay the taxesyou can claim reasonable cause. If you received
you owed, what makes the Internal Revenue Serviceadvice in error from The Internal Revenue Service, you
think you can afford to pay all of these building fines,have a claim for reasonable cause. If you experienced
penalties, and interest?a disturbance beyond your control like a natural
The answer is simple. The IRS knows nothing of yourdisaster, fire, or casualty, these events make for a
personal situation.  The fines, interests, and penaltiesreasonable cause claim. Experiencing an act of God
attached to your overdue taxes are automated.  Ajustifies a reasonable cause argument.
computer generates the numbers and spits them outThe Internal Revenue Service will, in reality, accept any
without regard. The IRS can, however, reduce orreason (even I forgot) as long as you can
eliminate these extra charges if you can show cause.demonstrate that you used reasonable business care
Reasonable cause, under Internal Revenue Standardsand still were unable to pay.
can apply if you were ignorant of the law. If you or theIf you receive an IRS notification for back taxes, you
Internal Revenue Service made a mistake in calculatingcan either write back requesting an abatement, or file
the amount of taxes you owe, you could applyInternal Revenue Service form 843.  When you do
reasonable cause.this, it is really good if you can include a check for the
If you just plain forgot, you might still convince theback taxes, not interest, penalties, or fines.  Indicate
Internal Revenue Service that your forgetfulness isthat the payment is only for the taxes and not for any
reasonable cause to lower or eliminate the interest,of the interest, fines, or penalties.  In this package
fines, and penalties added to your past due amount.include a copy of your back tax notification and any
Causes like unavoidable absence, serious illness, orproof that will substantiate your reasonable cause
death are good reasons to suggest reasonable cause.claim.  Make a note on the check as well that the
The inability to procure records could justifiably delaypayment is for taxes owed only.  At the least, you will
your capacity to pay and be grounds for a reasonablestop accruing interest, because the tax is paid.