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IRS abatement services help taxpayers reduce or eliminate penalties for late filing, nonβpayment, and misreported information. First, determine eligibility under Reasonable Cause provisionsβfactors like serious illness or natural disaster may qualify. Compile supporting documentation (medical records, insurance claims, or legal notices) and submit a written explanation via Form 843. Alternatively, the FirstβTime Abate waiver can wipe out certain penalties if you have a clean compliance history for the previous three years. The Offer in Compromise program may also apply if full payment poses financial hardship, requiring Form 656 and detailed financial disclosures. Engaging professionals ensures forms are accurately completed and deadlines met, reducing audit risk.
OIC Tax Services specializes in irs abatement services in North Highlands, offering expert guidance to secure penalty relief and achieve financial stability.
