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Can I negotiate my old tax debt with the IRS?The IRS can use aggressive tactics to collect your tax debt, but you may be able to negotiate a settlement instead.
Reasonable cause relief may save the day. Tax penalties can be a harsh reality for many taxpayers, especially those dealing with complex international tax obligations. The IRS imposes penalties to ...
New IRS educational materials from the 2024 Nationwide Tax Forum cover international tax topics such as proper FBAR and FATCA ...
If the IRS has assessed a tax penalty on your account for the first time, don't panic. You may qualify for a relief measure ...
The agency may also offer penalty relief for a reasonable cause ... abatement, you’ll need to meet the following criteria: If ...
While the IRS is positioning the penalty abatements as ... aren’t eligible for a first time abatement, you can request the fee be waived for reasonable cause. Reasonable cause can include ...
If you missed filing your tax returns for previous years, you can still submit them in 2025. The IRS allows taxpayers to file ...
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What to Do If You Haven't Filed Your Taxes in YearsThe IRS charges a non-filing penalty of ... If you’re billed for penalty charges and you have reasonable cause for abatement of the penalty, send your explanation along with the bill to your ...
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