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IRS Tax Penalties

Taxation Solutions in Columbia- Tax leinsThe IRS is serious about its deadlines, and has a variety of tools and tactics at its disposal to encourage you to pay what you owe. From fines to interest charges to tax liens and levies, you’ll see your tax penalties get worse the longer your taxes are delinquent. That’s why it’s always best to seek tax abatement as soon as possible after you’ve been hit with a tax penalty. No matter how bad your tax problems have gotten, you can count on the pros at Taxation Solutions, Inc. to help you find a solution. If you live or work in the greater Columbia area, call us today to discuss penalty abatement options for your case! We’ll do our best to bring you relief from income tax penalties.

Depending on the severity of your situation, you might be experiencing tax penalties such as:

  • Fines, fees, and interest charges, which add to your total debt balance
  • Wage garnishment, where the government takes a portion of each paycheck to cover your debt
  • Tax liens, where the government places a hold on your assets
  • Tax levies, where the government can legally seize your assets to cover your debt

In certain situations, you may be eligible for penalty abatement. For instance, if you have a valid reason for failing to pay your taxes on time, you might be able to have penalties removed from your account. You’ll need a knowledgeable tax specialist on your team to help you determine your eligibility and petition for tax abatement. Taxation Solutions has more than 40 years of combined experience among our staff, and we’ll call on that experience to help you fight the income tax penalties that are causing you stress and hardship.

Emergency IRS Penalty Abatement

When you have an IRS deadline looming, especially when it represents the impending seizure of your bank accounts or other assets, you need immediate assistance. Taxation Solutions offers emergency service to ensure that you get the tax penalty help you need, when you need it most. We can file for IRS penalty abatement and negotiate alternative methods of repayment, including installment agreements and offers in compromise. Our goal is to quickly and effectively find a way to improve your situation while also satisfying the IRS’s demands.

Taxation Solutions is fully licensed and insured to resolve state and federal tax penalties. We’re also proud members of the American Society of Tax Problem Solvers, as well as the Better Business Bureau. Whether you’re facing a tax penalty for underpayment, for late filing, or for some other issue, we have the tools and the knowledge to make things right. Choosing Taxation Solutions when you’re facing an IRS tax penalty is the smart decision, as we offer some of the best tax resolution services in the Columbia area. Call today to schedule your free initial consultation with a member of our team! 

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