Job Archives
Penalty and Interest
Abatement Requests
If an individual taxpayer or business files their tax return late, underpays or fails to pay taxes owed by specified deadlines, the IRS can assess failure-to-file penalties, failure-to-pay penalties, late-filing penalties, late-payment penalties, estimated tax penalties, and accuracy related penalties in addition to interest on the taxes due and the penalties assessed. In addition to the interest and penalties assessed by the IRS, state revenue departments will also assess penalties and interest on tax debt that remains unpaid or is paid late. The taxpayer will continue to accumulate interest and penalties until the tax debt is resolved which can result in substantial sums owed in addition to the original tax.
The IRS currently offers a first-time penalty abatement program that relieves taxpayers from failure-to-file and failure-to-pay penalties provided certain criteria are met. Interest charged on penalty amounts will be reduced or removed when that penalty is reduced or removed. If the taxpayer has a legitimate reason for not being able to file their returns or pay taxes owed in a timely fashion the IRS may also consider relief for “reasonable cause”. Some states periodically offer abatement or reduction of penalties and/or interest during specified amnesty periods.
The Prager Metis Tax Controversy professionals can help determine if you meet the qualifications for the various abatement programs and assist you in applying for relief.
Related Services- IRS and State Controversy Resolution
- Innocent Spouse / Separation of Liability Relief
- Installment Agreements
- Levy & Lien Releases and Withdrawals
- Offers in Compromise
- Voluntary Disclosure Filing
E. Martin Davidoff,
CPA, Esq.
Partner-in-Charge – National Tax Controversy
- 732.274.1600 / Ext. 16000
Robbin E. Caruso,
CPA, CGMA
Partner - Tax Controversy
- 732.274.1600 / Ext. 16003
help!Are you interested in receiving our latest news or
contacting one of our experts? Stay In Touch Are you ready for the
next step?At Prager Metis, we believe our
people make the difference! Explore Careers
Penalty and InterestAbatement Requests If an individual taxpayer or business files their tax return late, underpays or fails to pay taxes owed by specified deadlines, the IRS can assess failure-to-fil...
Levy & Lien Releases
and Withdrawals
- IRS and State Controversy Resolution
- Innocent Spouse / Separation of Liability Relief
- Installment Agreements
- Offers in Compromise
- Penalty and Interest Abatement Requests
- Voluntary Disclosure Filing
E. Martin Davidoff,
CPA, Esq.
Partner-in-Charge – National Tax Controversy
- 732.274.1600 / Ext. 16000
Robbin E. Caruso,
CPA, CGMA
Partner - Tax Controversy
- 732.274.1600 / Ext. 16003
help!Are you interested in receiving our latest news or
contacting one of our experts? Stay In Touch Are you ready for the
next step?At Prager Metis, we believe our
people make the difference! Explore Careers
Levy & Lien Releasesand Withdrawals Having experience and knowledge of tax policies and laws is essential for successful client representation. Having represented thousands of clients for over thr...
Offers in
Compromise
- IRS and State Controversy Resolution
- Innocent Spouse / Separation of Liability Relief
- Installment Agreements
- Levy & Lien Releases and Withdrawals
- Penalty and Interest Abatement Requests
- Voluntary Disclosure Filing
E. Martin Davidoff,
CPA, Esq.
Partner-in-Charge – National Tax Controversy
- 732.274.1600 / Ext. 16000
Robbin E. Caruso,
CPA, CGMA
Partner - Tax Controversy
- 732.274.1600 / Ext. 16003
help!Are you interested in receiving our latest news or
contacting one of our experts? Stay In Touch Are you ready for the
next step?At Prager Metis, we believe our
people make the difference! Explore Careers
Offers inCompromise Having experience and knowledge of tax policies and laws is essential for successful client representation. Having represented thousands of clients for over three decades, we have ...
Innocent Spouse/
Separation of
Liability Relief
- IRS and State Controversy Resolution
- Installment Agreements
- Levy & Lien Releases and Withdrawals
- Offers in Compromise
- Penalty and Interest Abatement Requests
- Voluntary Disclosure Filing
E. Martin Davidoff,
CPA, Esq.
Partner-in-Charge – National Tax Controversy
- 732.274.1600 / Ext. 16000
Robbin E. Caruso,
CPA, CGMA
Partner - Tax Controversy
- 732.274.1600 / Ext. 16003
help!Are you interested in receiving our latest news or
contacting one of our experts? Stay In Touch Are you ready for the
next step?At Prager Metis, we believe our
people make the difference! Explore Careers
Innocent Spouse/Separation ofLiability Relief Having experience and knowledge of tax policies and laws is essential for successful client representation. Having represented thousands of clients for ov...
Installment
Agreements
- IRS and State Controversy Resolution
- Innocent Spouse / Separation of Liability Relief
- Levy & Lien Releases and Withdrawals
- Offers in Compromise
- Penalty and Interest Abatement Requests
- Voluntary Disclosure Filing
E. Martin Davidoff,
CPA, Esq.
Partner-in-Charge – National Tax Controversy
- 732.274.1600 / Ext. 16000
Robbin E. Caruso,
CPA, CGMA
Partner - Tax Controversy
- 732.274.1600 / Ext. 16003
help!Are you interested in receiving our latest news or
contacting one of our experts? Stay In Touch Are you ready for the
next step?At Prager Metis, we believe our
people make the difference! Explore Careers
InstallmentAgreements Having experience and knowledge of tax policies and laws is essential for successful client representation. Having represented thousands of clients for over three decades, we hav...
IRS and State
Controversy Resolution
- Financial Activity Coordination
- Tax and Financial Planning
- Investment Policy Oversight
- Insurance, Pension, and Retirement Planning
- Revenue Procurement
- Profit Participation and Royalty Auditing
- Innocent Spouse / Separation of Liability Relief
- Installment Agreements
- Levy & Lien Releases and Withdrawals
- Offers in Compromise
- Penalty and Interest Abatement Requests
- Voluntary Disclosure Filing
E. Martin Davidoff,
CPA, Esq.
Partner-in-Charge – National Tax Controversy
- 732.274.1600 / Ext. 16000
Robbin E. Caruso,
CPA, CGMA
Partner - Tax Controversy
- 732.274.1600 / Ext. 16003
help!Are you interested in receiving our latest news or
contacting one of our experts? Stay In Touch Are you ready for the
next step?At Prager Metis, we believe our
people make the difference! Explore Careers
IRS and StateControversy Resolution Having experience and knowledge of tax policies and laws is essential for successful client representation. Having represented thousands of clients for over three d...
Tax Controversy
We understand that disputes with tax authorities can be a challenging and often emotional period that requires an experienced advisor at your side. Our experts are dedicated to resolving your tax disputes efficiently. We will help you navigate the challenging process and make it as painless as possible.
The Prager Metis team of tax controversy professionals will work collaboratively with you to mitigate your risks and help you achieve the best possible outcome, providing you Peace of Mind.
We use a team approach that focuses our decades of experience, education and expertise to provide excellent service to our clients in a compassionate, professional and reliable manner, with a sense of urgency. When you call our Tax Controversy Department at 732-274-1600, a real person answers! We carry out our work and our relationships with integrity, while passionately representing our clients and looking out for their best interests.
Imagine if you will, coming into our office overwhelmed and anxious about your personal or business tax issues. Maybe you are facing a bank levy? Possibly a garnishment? How are we going to help you deal with that? During our first meeting, we will get to the real issues impacting you, talk about alternative solutions and provide a customized, written plan of action to take with you when you leave. Having that plan, knowing that you are in good hands, will provide you with peace of mind.
Services Include:- IRS and State Controversy Resolution
- Innocent Spouse / Separation of Liability Relief
- Installment Agreements
- Offers in Compromise
- Voluntary Disclosure Filing
E. Martin Davidoff,
CPA, Esq.
Partner-in-Charge – National Tax Controversy
- 732.274.1600 / Ext. 16000
Robbin E. Caruso,
CPA, CGMA
Partner – Tax Controversy
- 732.274.1600 / Ext. 16003
help!Are you interested in receiving our latest news or
contacting one of our experts? Stay In Touch Are you ready for the
next step?At Prager Metis, we believe our
people make the difference! Explore Careers
Tax Controversy We understand that disputes with tax authorities can be a challenging and often emotional period that requires an experienced advisor at your side. Our experts are dedicated to resolvi...
