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

Instructions and Help about Are Form 843 Dont

It's not the tax, it's 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 have been certain questions that have been asked again and again, so I thought I'd make these videos to 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 at irshelpvideos.com. Now, it's not the taxes, it's 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 is not available by law unless in certain circumstances where 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 people that I speak with. We don't have written advice, written erroneous advice from the IRS, so interest is not going to be available. Now that I've made that big bold claim and I made it seem like that was the case in every situation, let me explain a little tiny loophole. If you can get penalties abated, then the interest associated with those penalties can be abated. So, what does abate mean? Well, it means to eliminate or reduce. You can have penalties abated for reasonable cause....