Do you need tax relief from penalties and interest stemming from failure to file tax form 990? Call the professionals at Fresh Start Tax. 1-866-700-1040. We are former IRS Agents, Managers, and Instructors. We are tax experts in the field of tax penalty abatements.
Can penalties for filing Form 990 late be abated?
Failure to timely file the information return, absent reasonable cause, can give rise to a penalty under section 6652 of the Code. Whether an organization qualifies for the reasonable cause exception to the penalty will be determined on a case-by-case basis taking into account all relevant facts and circumstances.
The regulations provide that a request for abatement of penalties based on reasonable cause must be made in the form of a written statement, containing a declaration by the appropriate person that the statement is made under penalties of perjury, setting forth all the facts alleged as reasonable cause. This statement should be made as an attachment to the Form 990. When requesting abatement of penalties for reasonable cause, your statement should include supporting documentation and address the following items:
1. The reason the penalty was charged. The daily delinquency penalty may be charged for either a late filed return, an incomplete return, or both.
2 .Explain what prevented the organization from complying with the law, including:
3. What prevented the organization from requesting an extension of time to file its return, if the organization did not request such an extension;
4. How the organization was not neglectful or careless, but exercised ordinary business care and prudence; and
5. What steps have been taken to prevent the same situation from occurring in the future.
Fresh Start Tax is one of the premier tax resolution firms in the country. We deal with all types of cases, individuals, businesses and high dollar corporate entities. We have a staff that specializes in every type of case. Some of our specialties include the following:
- Immediate Tax Resolution and Representation
- Offers in Compromise and Settlement
- Back Taxes/ Unfiled or Never filed tax returns
- Bank or Wage Levy Garnishments
- Letters of Intent of Notice to Levy
- IRS Tax Audits
- Hardship, part pay agreements
- State Sales Tax problems and Resolution
Our company resume:
- Our staff has over 140 years of professional tax representation experience
- On staff are Board Certified Tax Attorneys, CPA’s, former IRS Agents, Managers and Instructors
- Former State Department of Revenue Manager and Instructor
- We are extremely moral and ethical in all of our business dealings
- We have the highest rating by the Better Business Bureau
- We are fast, affordable and economical
- We are licensed to practice in all 50 States
- We put a premium on client communication
- Nationally Recognized Veteran Former IRS Agent
- Published Tax Expert
