- December 22, 2014
One who is on the verge of levied penalties for having failed to pay undue taxes to the IRS even after using form 4868 has nothing to complain about but to comply with the IRS called for the imposition of reasonable penalties as applicable to them. The call for the imposition of penalties by the IRS though stands to be genuine, one can request for the abatement of penalties. These in many cases have yielded good results in getting exact rebatement.
But how come it is possible for the failing individual to appeal to the IRS to get a repeal or rebatement of their penalties when their undue taxes were not paid? There is a unique technique to request IRS which usually works as best and favorable to individuals who in certain cases involved with the IRS in getting one or two penalty types in a tax period. The individuals, therefore, can highlight the burden of penalties as imposed on them and send a reasonable cause on why they have failed to pay taxes on time including the availed request of IRS form 4868 towards the extension of time for 6 months to get a deferral of such tax payments
One may also file IRS form 843 to make a request for the abatement of tax penalties from the IRS. Form 843 can be found at irs.gov, This IRS form 843 provides instructions and guidelines on how to complete it. The discretion of allowing the abatement of penalties is always reserved with IRS. However, one has to be prepared to write a detailed description of the exact and genuine circumstances that caused the nonpayment of the tax and/or non-filing of the tax return and also should explain the correct ways of action that are planned to be taken to remedy the problem. To support the reasonable cause of explanation, one can include copies of any backup documentation to authenticate their genuine request for the plea of abatement of IRS penalties.
Tax professionals are there to help individuals in situations such as this on how to get the abatement if one is sure enough of presenting their exact problems to them regarding IRS penalties.
Individuals can avoid all these complications of request of abatement by their timely e-filing of their tax returns and if genuine situations warrant, one can have the facility of the e-filing of IRS form 4868 to get the maximum extension of time of six months for their tax payments to IRS through the IRS authorized tax service partner Tax2efile
