Taxpayers are governed by strict deadlines for filing returns and paying taxes. Failure to comply with these deadlines may result in a dizzying array of penalties and monetary sanctions, making a difficult financial situation that much worse. At Insight Law in Seattle, Washington, our tax attorneys represent individuals and business clients who owe penalties to the IRS. We help you get the relief that you need from these costly penalties.
Our lawyers are intimately familiar with all of the defenses available to taxpayers facing IRS penalties. As your advocates, we will explore every option for your relief.
Minimization And Abatement of IRS Penalties
Though the IRS's tax filing and payment deadlines are straightforward and uncomplicated, many taxpayers fail to meet them for various reasons. If you missed a deadline, you will not only have to pay accrued interest, you may also incur a number of penalties, including:
- Failure to file penalty
- Failure to pay penalty
- Estimated tax penalties
- Accuracy-related penalties
- Valuation penalties
- Trust fund penalties
Though these penalties can be quite costly, in some cases, it may be possible to have them abated. Each situation is unique and must be evaluated by one of our Seattle tax penalty relief attorneys. We will counsel you on the best way to approach these penalties and explore all of your potential defenses. We will prepare an abatement that allows you to pay only the taxes that you owe.
We also help individuals and business owners avoid penalties through our tax planning services. We will create a plan tailor-made for you that maximizes your tax benefits and could significantly reduce your tax liability.
If you've failed to file your taxes, we can help.
Our firm provides top-notch client-focused legal representation from a local tax attorney at an excellent price. If Insight Law cannot provide a solution, there is no risk and you will owe nothing. Call 206-922-8078 or contact us by e-mail to arrange a free initial consultation or case evaluation directly with a tax lawyer.