Penalty Abatement:

If you currently owe taxes, or if you have previously had problems with tax related penalties, you are aware of how rapidly Internal Revenue Service and State tax accruals can increase your liabilities. When you add in the current interest rates, your initial tax balances can sometimes double and even triple if given enough time. With that in mind, it is incredibly important for taxpayers to realize that they may not always be required to pay all the penalties on their account, and that relief may be available

Depending on a taxpayer's circumstances, they or their representatives can submit requests for penalties to be abated and waived from their account. Our Tax Attorneys and consultants have spearheaded and contributed to abatement proposals and negotiations resulting in waivers and refunds of hundreds of thousands of dollars back to our clients. Aspen Accounting & Financial Services has an on-staff abatement specialist who has conducted extensive research on precedent case law, governmental policy statements, and Federal and State tax codes, and has compiled one of the most complete knowledge-bases of abatement procedures in the process.

Every case is unique, and every taxpayer's circumstances will be different. We analyze each client's history and file status independently and approach the abatement negotiations with a strategy designed particularly for that case. It should not be subject to a cookie-cutter approach and uncoordinated efforts that lead endlessly through failed attempts and appeals . At Aspen Accounting & Financial Services, we’ll get to know your case as if we’d lived it ourselves, and you can count on us to present convincing, well constructed arguments that ensure your case is given the consideration it deserves. We’ve saved taxpayers hundreds of thousands of dollars so far, and continue to provide an honest and straightforward approach in addressing penalty abatements, ensuring our continued success for our clients.

If you have accrued taxes and penalties as the result of a major life event or significant financial hardship, you need to know if your IRS and State penalties can be abated and eliminated. We give taxpayer's who need relief a voice with the taxing authorites. Contact us to learn more.