If you get charged a tax penalty, you have several options to deal with it.
Option 1:
You can pay the penalty.
Option 2:
If you can’t pay your balance in full, pay what you can now.
You can enter into an Instalment Agreement to pay the remaining balance. Entering into an Instalment Agreement may reduce future failure to pay penalties.
Option 3:
You can contact the IRS and request penalty relief or abatement if you qualify. For more information on qualifications, visit the IRS website.
If you use Stateside APM’s Tax Services to complete your filing, we will automatically do this for you.
For more information on how penalties are calculated, visit the IRS website.
Here’s how we can help you:
Tax return preparation
We can file your city, State and Federal taxes for you, reducing the amount you pay and ensuring you file correctly and on-time, every time.
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