YOU CAN REDUCE OR ELIMINATE TAX PENALTIES
By David Ratowitz, Tax, Real Estate and Bankruptcy Law Firm
(Ratowitz Law Group)
One of the reasons people give for not addressing their tax problems is the feeling they cannot pay the penalties so there is no point in addressing the problem. This mistaken belief is a double tragedy: not only does it prolong the taxpayers’ suffering, but with appropriate expert help you can reduce or eliminate tax penalties. Some of these techniques may be used every few years so that the sooner the taxpayer seeks relief, the more relief they will be able to get. Taxpayers can reduce or eliminate tax penalties for most tax issues including failure to file, late payment, inadequate payment, and many other infractions. If this is the first time you are asking for relief, and you meet certain other criteria you can reduce or eliminate tax penalties just by sho...
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