Penalty Abatement Services

The IRS has the authority to impose various penalties on taxpayers who fail to fulfill their tax obligations by filing or paying taxes correctly. These penalties can quickly accumulate, creating a significant financial burden for individuals.



For any inquiries regarding our services, please don’t hesitate to reach out to us immediately. Rest assured, we will respond promptly to address your concerns.

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Types of IRS Penalties

The IRS imposes penalties in several circumstances, including:

  • Failure to file tax returns

  • Failure to pay taxes owed

  • Inaccurate tax returns

  • Failure to deposit employment taxes

  • Underpayment of estimated tax

  • Dishonored checks

These penalties are typically calculated as a percentage of the outstanding tax amount. For instance, the penalty for late filing is 5% of the unpaid tax liability for each month the return is overdue. Moreover, interest is charged on the accrued penalties.

Options for IRS Penalty Abatement

While the IRS levies these penalties to maintain fairness and effectiveness within the tax system, they also recognize that certain taxpayers may unintentionally fail to file or pay their taxes. Therefore, the IRS provides options to avoid penalties or seek their removal.

For instance, first-time offenders may have their penalties waived. Additionally, individuals can apply for penalty abatement based on reasonable causes that made it difficult or impossible to meet their tax obligations, such as the death or serious illness of a family member.

At Emerald Gain, our experts can assist you in navigating the process of penalty abatement. We will work with you to identify applicable grounds for penalty removal and help you submit a well-supported request to the IRS. Our goal is to alleviate your financial burden and ensure a fair resolution with the IRS.

Partner with the Emerald Gain

Handling IRS penalties can be a stressful experience, but there are avenues available to have some or all of these penalties forgiven. At Emerald Gain, our team of tax professionals is well-versed in the regulations governing IRS penalties and the procedures to have them eliminated from your tax liability.

If you find yourself in a situation where you owe money to the IRS and penalties have been imposed, we are here to assist you. Contact us today to learn more about how we can help you navigate the process and work towards a favorable resolution.