The penalties assessed by the IRS are the often the biggest thing that people dislike about having a tax problem, and for good reason: The penalties added to your tax liability can often DOUBLE how much you owe.
The process of obtaining a reduction of IRS penalties is called a “penalty abatement”. While there is a form for claiming a refund of taxes paid in and requesting an abatement of some limited penalties under limited circumstances, there is no general form for requesting an abatement of penalties under special circumstances, even circumstances that meet the IRS reasonable cause criteria.
I’ve been using a very successful template letter for several years as my starting point in all my penalty abatement cases. Half the time, this letter is all I need, but it sets the groundwork for Appeals if necessary. This letter has actually been the basis for achieving millions of dollars in IRS penalty abatements.
This particular penalty abatement letter template is the result of over 100 hours of case review in search of the perfect U.S. court cases to support the arguments, and dozens more hours of tweaking and perfecting the exact language used so as to create the perfect penalty abatement letter for use with clients.
This letter does require some finesse to use, as it is meant to be used by tax professionals knowledgeable about tax code and with experience preparing penalty abatements. Because of that, I’m also going to provide you with a short “Quick Start Guide” showing you how to use this penalty abatement sample letter.
In addition, you’re also going to receive a handy guide for what to do if the IRS rejects your initial application for relief from penalties. If they reject your application, they are required to tell you why, and you also have Appeals rights that come with that rejection. It never ceases to amaze me the simple, straightforward penalty abatement applications that are initially rejected, but then accepted almost immediately by an Appeals officer.
Hiring a tax professional to write your penalty abatement application letter will typically cost between $750 and $1,000. To get instant access to the most powerful penalty abatement letter templates available for a tiny investment of only $97, simply click the “Buy Now” button below and proceed to our secure payment processor.
Here is everything you receive in this offer:
- Three powerful penalty abatement sample letters
- Quick start guide to applying for IRS penalty abatements
- A handy Appeals Guide in the event your initial application is rejected