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Video instructions and help with filling out and completing Are Form 843 Abatement

Instructions and Help about Are Form 843 Abatement

Hello everyone today I'd like to discuss the form 843 claim for refund and request or abatement this is the form that is used to request a penalty and interest abatement now what is an abatement you ask an abatement is a reduction or the elimination of the penalties in interest and again the form 843 is the form that the IRS requests that a taxpayer complete when they're requesting a penalty and interest abatement now this form is not just for anyone to use and you can't use this form just to try to get out of pain penalties and interest on your tax debt that you've not paid just because you've not paid it in order to request a penalty abatement penalty and interest abatement you have to have quote unquote reasonable cause and as with everything else the IRS looks at these situations on a case-by-case basis an example of reasonable cause would be if you receive the erroneous information from an IRS tax agent or you received the erroneous information from your tax professional that caused you to have a tax debt that you were not able to pay and penalties and interest accrued on that those are some examples of reasonable cause examples of what is not considered a reasonable causes the simple fact of saying I didn't or I just didn't get around to it or you know I I had no idea so those those excuses will not fly with the IRS so if you're going to request a penalty and interest abatement do make sure that you have a pretty good reason otherwise it's going to be denied now the form 843 is a one-page form in my opinion it's not difficult to complete you can complete it yourself but if you're...