The Three Times You Can Request IRS Penalty Relief—and How a Tulsa Tax Lawyer Can Help

You may face an IRS penalty for one or more reasons. Perhaps you failed to file your individual or business taxes on time, or maybe you failed to pay your tax liability in full and on time. You certainly wouldn’t be alone. In fiscal year 2012, the IRS issued almost 38 million penalties totaling about $26.8 billion. However, there is little safety in numbers in this situation. Regardless of how many other taxpayers find themselves facing penalties, you likely want your own IRS tax penalties to go away.

Three Times You Can Ask for Penalty Relief

As you begin resolving your outstanding tax issues, you and your Tulsa tax lawyer may consider trying to convince the IRS that you should not have to pay the penalties that were assessed. There are three different times when you may request relief from IRS penalties, including:

  1. Before the IRS ever assesses the penalty. This may seem counterintuitive. Why would you request relief from a penalty that hasn’t even been assessed? You can be confident that even if the penalty has not yet been assessed, it will be soon. Thus, you can be proactive and file a penalty non-assertion request with your tax return to request that the IRS not automatically assess a penalty.
  2. After the IRS has assessed a penalty. At this time, you may be able to request a penalty abatement in writing or by phone.
  3. After you’ve paid the IRS penalty. Even after you’ve paid a penalty to the IRS, you may request relief by requesting a refund. This must be done on a specific form and within a specific timeframe.

How and when to request relief from IRS penalties is a matter that you should discuss with your Tulsa tax lawyer so that you can make the decision that is right for you, given your unique tax issues.

Call an Experienced Tax Lawyer in Tulsa Today to Learn More

For more information on how to get relief from IRS penalties, please call an experienced Oklahoma tax lawyer today at 800-721-7054, and please read a FREE copy of our book, The Ultimate Survival Guide for IRS Problems.