Despite the current economic crisis and financial problems many people are facing, under current state and federal law, there are still stiff penalties imposed if you fail to pay your taxes. Although the penalties differ depending if you commit tax fraud, fail to file, or fail to pay, any additional financial penalty assessed to you can still have a devastating effect.
Located in Irvine, California, the Law Offices of Scott Kauffman, I can help you deal with these tax penalties by helping you explore your options and make sound decisions concerning how to proceed to resolve this matter with the least amount of penalty needing to be paid. To learn more about my services and extensive experience as a lawyer who handles all types of types of tax issues, please contact me to schedule a consultation today.
Failure to File Tax Returns
Even if you have generated no income during a year, it is still important to file a tax return showing evidence of this and other aspects of your financial situation. I can help you with these unfiled returns so that the IRS has a full and complete picture of your financial history and cannot allege that you have not been reporting taxable income.
If you have missed the filing date, and any applicable extensions, I can help negotiate with the IRS to make the correct penalty payment or another amount that they agree to. If you have a reasonable cause for not filing on time, I can help you present this argument to the IRS in the hopes that they will grant a penalty abatement petition we will also submit.
Failed to Pay Income Taxes? There are Solutions
If you have failed to pay income taxes that you still owe, you will be subject to an accruing penalty that for each month the tax remains unpaid after the due date. I can negotiate the penalty to be paid in full or as part of a payment plan along with the rest of the taxes owed. I will also examine your records to see if you have paid the correct amount of taxes or have a legitimate defense such as tax preparer error, if you employed a professional tax preparer to do your return.
This penalty can also be forgiven if you show good reason for not paying the tax on time such as financial hardship. If you qualify, I will make an application to have the IRS deem you as being not currently collectible. I make every effort to find the best possible solution for my clients.
If you want an attorney who will advocate on your behalf and take a strong stand when dealing with the IRS, contact me today to schedule a consultation. I am here to help resolve your tax problems so you can focus on other things in your life. I also believe in reaching the best possible result at the lowest cost to you.
