It's not the tax its the penalties and interest that get you is there anything that can be done about IRS penalties and interest that's the topic of today's video hi my name is Darren minish and I'm a tax attorney with a national tax problem resolution practice based in Tampa Florida over the past 15 years of practice there are certain questions that have been asked again and again so I thought I'd make these videos the answer some of those questions today in this video format there are 20 videos altogether and if you'd like to have access to the other 19 videos please visit our website it get IRS help videos com now it's not the taxes the penalties and interest that's what gets you if I had a nickel for every client that said hey I would pay the tax but it's the penalties and interest that are killing me I'd be a millionaire so what do you do about the penalties and interest in an IRS problem case well here's the harsh truth interest not available by law unless in certain circumstances where you can you can prove that you relied upon written erroneous advice from the IRS then you can have interest abated is that going to happen not for most of people that I speak with we don't have written advice that written erroneous advice from the IRS so interest is not going to be available now that I made that big bold claim and I made it seem like that was the case in every case let me explain a little tiny loophole and that is if you can get penalties abated than the interest associated with those penalties can be evaded ok so what does a bait mean well a bait...
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