IRS Penalty Abatement - How You Can Get Money Back!

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  • Опубліковано 14 вер 2020
  • Did you know that you can get your IRS Penalty waived? It’s called an IRS Penalty Abatement and it can save you thousands of dollars. You can get your IRS Penalty waived even if you already paid it! Which means that if successful, you would be getting that money back as a refund.
    #IRSPenalty #penaltyabatement
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    This video is for entertainment purposes only. The information portrayed in this video should not be considered as tax or legal advice. Consult with your own tax professional and attorney to get proper advice for yourself.

КОМЕНТАРІ • 15

  • @NguyenCPAs
    @NguyenCPAs  3 роки тому +7

    Let me know if you need help below!

    • @danzatriceesotica4502
      @danzatriceesotica4502 2 роки тому

      I need your help with 2019 taxes ( negligent related penalty) forgoing to submit my 1099-R and W2. I received a CP2000 and I need a professional letter stating Covid mental distress to abate my penalty

    • @guidingchangesllc.2911
      @guidingchangesllc.2911 Рік тому

      All these penalties for the middle class! No one ever teaches how and when to file but we are ALL accountable for knowing these things. Sounds like extortion to me…

    • @debbietruong8137
      @debbietruong8137 8 місяців тому

      Hi, I just received a notice CP162a from IRS with the penalties $3000. Please help me how to dispute or request first abatement. Thank you very much

  • @randyviola8200
    @randyviola8200 2 роки тому

    Thank you for your much needed support & direction . Value the content ! RV

  • @ntyou
    @ntyou 6 місяців тому

    Very detailed video!! Thank you

  • @virtualtourmlshawaii1848
    @virtualtourmlshawaii1848 Місяць тому

    Thank you for the info. Do you know if the IRS would forgive penalty and interest if those amounts expire in less than a year and I have a monthly payment plan with them?

  • @ruththomas7164
    @ruththomas7164 3 роки тому

    What about not having insurance pre 2019?

  • @PurpleRainTy1
    @PurpleRainTy1 3 роки тому

    For the 1st time abatement, it was stated that all previous tax returns must be filed. Does that mean the previous 6 years tax returns (i.e., 2014,15, 16, 17, 18, 19)?

  • @00ooo000
    @00ooo000 2 роки тому +2

    When you file the first time abatement will it waive failure to file and failure to pay penalty? Or the IRS Will only allow one penalty removal?

  • @faithfulanddevoted
    @faithfulanddevoted 3 роки тому

    Can you use this form to waive “tax preparer penalties”?

  • @myd0gr3x
    @myd0gr3x 3 місяці тому

    what about the fraudulent filing penalty?

  • @mathewwilson9776
    @mathewwilson9776 Місяць тому

    I understand a relative's death provides a reasonable cause. Does a relative's major surgery qualify too? Will the IRS require evidence?

  • @MochaZilla
    @MochaZilla 3 роки тому +1

    What about a late filing penalty for a business? They sent me an $840 bill and my small part time business only makes like 5k a year

    • @debbietruong8137
      @debbietruong8137 8 місяців тому

      Yeah.I have same problem like you now. How’s the results now? Please share. Thank you