Back Taxes – Reduced!

Back Taxes – Reduced!

One of the most serious issues that I helped with this year was the accumulation of a vast amount in tax, penalties, and interest due for my client failing to submit tax returns for 2 previous years.

I prepared tax returns for the missing years resulting in my client being hit with over $12,000 in penalties and interest due to the lateness of the tax returns.

I was able to completely eliminate his liability for the penalties by providing information showing he was disabled during one of the years and had other extenuating circumstances involving rehabilitation during the other year.

The net result is I was able to get all of the penalties abated for cause and my client had to pay only the actual amount in taxes plus interest which is required by statute.