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  • Home
  • Services
    • Services
    • File Your Taxes Online
  • About Us
    • Contact Us
    • About BELNAVIS
  • Individual Tax Resources
    • 2022 Tax Brackets & Rates
    • 2023 Tax Brackets & Rates
    • Estimated Tax Payments
    • Paying your Taxes
    • Penalty Relief
    • Beware of Tax Penalties
  • Other Tax Resources
    • State Department Contacts
    • 2022 Tax Calendar
    • 2023 Tax Calendar
    • COVID-19 Resources
    • Covid Programs Comparison
    • American Rescue Plan Act
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Penalty Relief

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PENALTY RELIEF

 

You may qualify for relief from penalties if you made an effort to comply with the requirements of the law, but were unable to meet your tax obligations, due to circumstances beyond your control.


If you received a notice, be sure to check that the information in your notice is correct. If you can resolve an issue in your notice, a penalty might not be applicable. 


If you are unsure about the information in your tax notice, contact us. We specialize in Tax Notice resolution. 

Penalties Eligible for Relief

Penalties eligible for penalty relief include:

  • Failing to file a tax return
  • Failing to pay on time
  • Failing to deposit certain taxes as required
  • Other penalties as applicable.

Types of Penalty Relief:

Reasonable Cause

Administrative Waiver & First Time Penalty Abatement

Administrative Waiver & First Time Penalty Abatement

 Reasonable Cause is based on all the facts and circumstances in your situation.  The IRS will consider any reason which establishes that you used all ordinary business care and prudence to meet your Federal tax obligations but were nevertheless unable to do so. 

Administrative Waiver & First Time Penalty Abatement

Administrative Waiver & First Time Penalty Abatement

Administrative Waiver & First Time Penalty Abatement

 The IRS may provide administrative relief from a penalty that would otherwise be applicable under the First Time Penalty Abatement policy. 

Statutory Exception

Administrative Waiver & First Time Penalty Abatement

Statutory Exception

 Tax legislation may provide an exception to a penalty. Specific statutory exceptions can be found in the penalty-related Internal Revenue Code (IRC) sections. 

Is Interest Relief Available?

 The IRS doesn’t abate interest for reasonable cause or as first-time relief. Interest is charged by law and will continue until your account is fully paid. 

Types of Tax Penalties