Individual IRS debt can escalate with alarming speed. This is because a large portion of the taxpayer's delinquent bills are composed of interest and penalties. Interest and penalties like an IRS lien alone can turn what would ordinarily be a moderate tax challenge into a major ordeal.
The good news is that having past tax penalties like wage garnishment and interest removed (or altogether stopped) is definitely possible. Moreover, if one did not pay penalties and interest correctly, one may qualify for a tax refund.
Pending the fulfillment of specific requirements, the IRS might remove the penalties and interest - either partially or in full. In the event that one can present reasonable cause for failing to pay one's taxes, confirm that no neglect characterized one's attempts to repay the tax debt in question, and verify that due diligence was implemented, the attainment of relief becomes more probable.
If you need tax help, our experts at PowerTax Relief will review your circumstances and determine if you meet the qualifications for penalty abatement. If you do, we will work with you to gather all of the necessary information and documents to put together an abatement package. We will then prepare the paperwork and submit it to the IRS on your behalf.
Source
The good news is that having past tax penalties like wage garnishment and interest removed (or altogether stopped) is definitely possible. Moreover, if one did not pay penalties and interest correctly, one may qualify for a tax refund.
Pending the fulfillment of specific requirements, the IRS might remove the penalties and interest - either partially or in full. In the event that one can present reasonable cause for failing to pay one's taxes, confirm that no neglect characterized one's attempts to repay the tax debt in question, and verify that due diligence was implemented, the attainment of relief becomes more probable.
If you need tax help, our experts at PowerTax Relief will review your circumstances and determine if you meet the qualifications for penalty abatement. If you do, we will work with you to gather all of the necessary information and documents to put together an abatement package. We will then prepare the paperwork and submit it to the IRS on your behalf.
Source
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