KILLER IRS PENALTIES, INTEREST, AND WAYS TO REDUCE YOUR LIABILITY

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 13, 2009 -- Joe Mastriano, CPA announces the recently updated changes of information on IRS Penalties and Interest. Please view these new changes.

There are a lot of false promises being made to consumers by representatives concerning the removal of interest and penalties. Many people use that as a way to justify paying representation fees." If you can save me $20,000. of interest and penalties, I will gladly pay you $2,000." is an example. Unfortunately, interest is hardly ever waved, and penalties are not waved nearly as often as people are led to believe.

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KILLER IRS PENALTIES, INTEREST, AND WAYS TO REDUCE YOUR LIABILITY

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http://www.taxproblem.org/irs-penalties-and-interest-reduction/

REDUCING IRS PENALTIES AND INTEREST
Removing penalties on your first late personal tax return form 1040 should be easy. It's pretty much a given. After you pay the liability you can call and request a penalty removal. Just tell them that you forgot to file on time, or thought that you did. Or you could fill out form 843 claim for refund. I would still try to prove reasonable cause and not willful negligence was the reason.

You may use form 843 for any years of personal returns, or other returns that you want to claim a penalty abatement for.

INTEREST

Interest is charged when there is a balance due. When a tax liability is reduced or abated, the corresponding interest will be too. When a penalty is abated, the interest on that penalty must be abated too. Interest can be abated if it can be shown that it is attributable in whole or in part to an unreasonable error or delay by an officer or employee of the IRS. You have to prove...

a) That the error or delay occurred in connection with 'a procedural or mechanical act' or a 'managerial act' associated with the case.

b) The error or delay occurred after the IRS contacted the taxpayer 'in writing' about the case.

c) No 'significant aspect' of the error or delay can be attributed to the taxpayer's actions.

If you want to request relief of interest charged due to an error or delay I encourage you to do so. I have never attempted to do this given the IRS posture in defending these claims. It is hard for an honest practitioner to justify charging the fees necessary to defend this, given the odds against it. You of course can try this on your own. I would look further into how cases are settled and what the taxpayer advocate has to say about it. A lot of research will be necessary. You can always appeal a decision against you if the facts are in your favor.

Since Joe Mastriano PC deals with the IRS every single day, we know what steps we need to be take to resolve your tax problem. With over 30 years of experience, we have the experience and a successful track record that will put you at ease. Contact us today to setup your consultation. We will discuss your options, explain to you how to handle the situation and if necessary, we can manage the process for you. Visit our website for free advice or call us NOW (713)774-4467. Hire the ‘KILLER IRS REPRESENTATIVE’ to resolve your tax problem.

More information can be found online at http://www.taxproblem.org/irs-penalties-and-interest-reduction/

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