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New Jersey Penalty Abatement Attorney

Skilled Lawyer For IRS First-Time Penalty Abatement Successfully Advocates For Clients In Camden County, Burlington County, Gloucester County, and Throughout South Jersey To Have IRS Tax Penalties Removed 

If you don’t file your income taxes before the April filing date or do not pay the tax that you owe on time, you will likely be facing penalties from the Internal Revenue Service (IRS). United States tax laws are strictly enforced and the IRS goes after those who fail to comply, punishing those individuals who break the law and hopefully deter others from doing the same.

Federal tax penalties can be steep but there are options for finding relief, including applying for an IRS penalty abatement. As is the case with many issues concerning the IRS, navigating the bureaucracy of the agency and the complexity of U.S. tax laws can be particularly challenging and frustrating. At The Law Offices of Michele Finizio, we are here to help. Our skilled New Jersey penalty abatement attorney successfully advocates for clients throughout South Jersey to have IRS tax penalties removed.

Top-Rated New Jersey Attorney Is Dedicated To Fighting For Those Who Are Unjustly Facing IRS Tax Penalties And Successfully Achieves Prompt Resolution Of Tax Issues 

It is true that the IRS does hold you accountable for the tax you owe, and imposes penalties for those who do not comply. It is also true that if you made a reasonable effort to adhere to the requirements stipulated by the IRS but — due to circumstances out of your control — you were unable to satisfy your tax obligations, you may qualify for penalty abatement from the IRS.

Taxpayers may be eligible for penalty abatement from the IRS in the following scenarios: 

  • Taxpayer did not file a tax return and are facing a Failure to File Penalty 
  • Taxpayer did not pay taxes on time and are facing a Failure to Pay Penalty
  • Taxpayer did not deposit certain taxes as required by the IRS
  • Taxpayer is facing other tax penalties from the IRS

If you requested a tax penalty removal from the IRS and your request was rejected, you may be eligible for an appeal of the tax penalty if all of the following criteria are met:

  • The IRS issued a Failure to Pay Penalty notice or a Failure to File Penalty notice to your individual or business tax account
  • You submitted a written application to the IRS requesting that they remove the penalty against you
  • Your request to remove the penalty (penalty abatement) was denied by the IRS
  • The IRS issued you a Notice of Disallowance, outlining your rights to appeal

There are several scenarios under which the IRS grants eligibility to file for a penalty appeal:

  • You filed your tax return on time
  • You paid your taxes on time
  • You can demonstrate reasonable cause

If you did, in fact, file your taxes on time, then you may file a request for appeal with the IRS along with proof that your taxes were filed. If you paid your taxes on time, you may file a request for appeal with the IRS as long as you provide supporting documents that show evidence of the payment. If you can demonstrate reasonable cause, which is defined by the IRS as exercising ordinary prudence and care in determining one’s tax obligations but being unable to satisfy those obligations due to circumstances that are beyond their control, then you may file a request for appeal.

Because the tax penalty abatement process is confusing, many taxpayers are unaware of their rights and opportunities for relief. The top-rated New Jersey penalty abatement attorney at The Law Offices of Michele Finizio is dedicated to fighting for those who are unjustly facing IRS tax penalties, successfully achieving penalty abatement. 

Experienced New Jersey Attorney Has In-Depth Knowledge Of Tax Laws And Aggressively Pursues All Avenues For IRS Penalty Relief On Behalf Of New Jersey Clients

New Jersey Penalty Abatement Attorney

Filing an appeal with the IRS can be complicated. You must satisfy all of the criteria in order to be considered eligible, complete various applications that must be submitted, and adhere to multiple deadlines in order to be considered for penalty abatement. Let us help. The experienced New Jersey penalty abatement attorney at The Law Offices of Michele Finizio has in-depth knowledge of U.S. tax laws and aggressively pursues all avenues for penalty relief with the IRS. Our team offers a free, confidential consultation to our New Jersey clients; contact our office to schedule your consultation today.

Frequently Asked Questions (FAQs) About IRS Penalty Abatement In New Jersey

Does the Internal Revenue Service offer interest relief?

The Internal Revenue Service (IRS) charges interest if you do not pay your taxes, tax penalties, or interest by the due date. This is called underpayment interest and it applies even if you have filed for an extension on your taxes. The IRS does not offer relief for interest as either first-time relief or for reasonable cause, but instead continues to charge interest and will continue to charge interest until the account is paid in full. If any of the IRS penalties themselves are reduced, the IRS will then automatically reduce the amount of interest related to that penalty. And if you pay the IRS more tax than you owe, the IRS will pay interest on the amount of overpayment. For more information regarding IRS penalty abatement, consult with the experienced New Jersey penalty abatement attorney at The Law Offices of Michele Finizio.

I paid my taxes on time but the IRS has issued me a penalty. What can I do?

If you paid your taxes on time but have since received a Failure to Pay Penalty notice from the IRS, you can request an appeal. To do so, you must provide evidence that you did, in fact, pay your taxes on time. This proof can be in the form of a copy of both the front and back of your canceled check or other supporting documents. For assistance in filing an appeal with the IRS, contact the experienced penalty abatement attorney at The Law Offices of Michele Finizio.

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    I could not have asked for a better attorney. Michele Finizio treated my cases and the cases of those I've recommended, as if we were part of her family.

    -D.A.