When you don’t pay your back taxes, tax penalties and interest accumulate quickly and increase the amount you owe. If particular circumstances contributed to your payment problem, or if you had a legitimate reason for falling behind on your taxes, the IRS may permit the removal or abatement of tax penalties and interest. To establish that you experienced such an extenuating circumstance and qualify for tax penalty abatement, you and your Chicago tax penalty relief attorney must demonstrate to the IRS that you had “reasonable cause” for failing to pay your taxes. In the Chicago area, if you’re behind on tax payments, the wise move is to speak at once with an experienced Chicago tax penalty relief attorney at the Bentz Holguin Law Firm.
Many Reasons For Failure To Pay Taxes
What qualifies as “reasonable cause” for failure to pay taxes? The answer depends on your individual circumstances. Some of the causes the IRS considers reasonable include: illness or the death or illness of a family member; fire, flood, tornado, civil disturbance, theft, or other circumstance beyond your control; and bad financial advice.
Many Years Of Experience
The experienced Chicago tax penalty relief attorneys at the Bentz Holguin Law Firm have many years of experience successfully negotiating with the IRS on behalf of our clients. We’ve helped scores of clients in and around Chicago to qualify for tax penalty abatement. The Chicago tax penalty relief attorneys at the Bentz Holguin Law Firm handle your case personally; you aren’t shoved over to an assistant, and we never let you become just another number. The Bentz Holguin Law Firm maintains the highest professional standards; provides quality legal services at a reasonable cost; and works with all parties involved to bring your tax debt situation to its best possible conclusion. Contact a good Chicago tax penalty relief attorney at the Bentz Holguin Law Firm today and schedule a free consultation online or by calling 312-647-2116.