The IRS offers Offers and Compromise and you qualify for relief from penalties if you made an effort to comply with the requirements of the law, but were unable to meet your tax obligations, due to circumstances beyond your control. Chatsworth CPA is an expert in writing letters and representing you before the IRS to avoid penalties and interest.
If you received a notice, be sure to check that the information in your notice is correct. If you can resolve an issue in your notice, a penalty might not be applicable.
Is Interest Relief Available?
The IRS doesn’t abate interest for reasonable cause or as first-time relief. Interest is charged by law and will continue until your account is fully paid.
If any of your penalties are reduced, we will automatically reduce the related interest. See our contact us page to get in touch with Chatsworth CPA, located in the San Fernando Valley, Los Angeles Area