3 Types of IRS Penalty Relief You Can Qualify For Through The Fresh Start Program
Did you know that the Fresh Start Program can help you qualify for penalty relief?
In fact, there are three different types of penalty relief options that you can qualify for. So don’t make the mistake and pay the IRS if you can qualify for penalty relief.
Penalty Relief options offered by Fresh Start Program:
This is a form of penalty relief provided when the taxpayer can prove an event or circumstance beyond their control that led to the failure to comply with IRS rules. The taxpayer must provide evidence of this event, as well as an explanation of why it prevented them from meeting their obligations.
A reasonable event could be if an individual had a reasonable cause for not filing or paying taxes on time (such as illness or other circumstances beyond their control), then the IRS can waive or reduce the associated penalties. In some cases, natural disasters or financial hardship can also be reasons for penalty relief.