What is a Penalty Abatement? In the simplest terms, a Penalty Abatement is the removal of penalties levied against your tax bill. These penalties can be placed on your account for a number of reasons, like failing to file or failure to pay your taxes on time. You may qualify for relief from these penalties, …
Daily Archives: 28 July 2021
Should I Apply For A Partial Pay Instalment Agreement?
What is A Partial Pay Instalment Agreement: A Partial Pay Instalment Agreement or PPIA is a type of payment plan with the Internal Revenue Service (IRS) that allows you to pay your tax debt in monthly instalments. This payment plan would apply until your debt is either paid off in full or until the tax …
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Is An Offer In Compromise Right For Me?
What Is An Offer In Compromise? What exactly is an Offer in Compromise? Simply put it is a way to settle your tax debt for less than the full amount you owe. An Offer in Compromise is really only for people that would experience financial hardship if they had to pay their full tax bill. …
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