If a taxpayer is late with paying their taxes by their due date, they can face the possibility of having substantial tax penalties applied to their original tax balance. The types of late pay penalties fall into two categories: failure to pay and failure to deposit. Failure to pay is not paying by the tax
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Abatements and Reconsiderations
Abatements and Reconsiderations When a tax debtor fails to meet his or her federal tax obligations, he or she may too often assume that the taxes originally assessed were done so in the appropriate manner. However, this is often not the case, and in recognition of this fact the Internal Revenue Service (IRS) has been