Form 843 Preparation 2011-2023

Hey this is sean here a lot of talk about IRS penalties and interest and in many cases people could pay off the debt in a reasonable time if it wasn't for the penalties and interest that make it compound there are a lot of administrative remedies meaning you don't have to go to tax court to get these penalties removed or abated as its called almost all penalty types have remedies for good faith and reasonable cause you just have to know where to send these letters how to write it up there's certain formats and guidelines you have to follow and how to document and communicate this properly to the IRS and these penalties can be abated and the interest associated with them up to two years from the time they're paid so you may pay this over a period of several years and then even though you think well I've already paid it I can't recover it that's simply not true up to two years from the time it's paid you can recover these penalties.