If you are overwhelmed with a tax debt and you want to find out if you qualify for a penalty or interest removal, now is the time to call Leading Tax Group We are experienced tax professionals who will work with you to make sure that your tax situation is manageable and that you do not drown in debt to the IRS. Call our office today.
800-900-4250If you pay a tax debt in full, you may think that you will receive total forgiveness for any penalties and interest that has accrued. This is not always the case, so it is important to speak with an experienced tax expert in CA. We can talk with you about waiving tax penalties and interest fees if you’re in California.
In some cases, it may be possible to have penalties and interest fees waived on an earned income for those who qualify. It can be almost impossible to receive a waiver on self-employment income, lottery winnings, and other types of unearned income.
Sometimes, taxpayers may qualify for relief from penalties and interest if they have experienced a circumstance that has affected them and is beyond their control.
Some of the qualifying circumstances include:
If you meet one of these circumstances, you will need to provide proof to the IRS. Call today to discuss your options for waiving tax penalties and interest on penalties in CA.