Reduce or Eliminate IRS Penalties That Add to Your Tax Bill
IRS penalties for late filing, underpayment, and accuracy errors can significantly increase your total debt. But in many cases, the IRS allows penalty relief through abatement—if you qualify.
When the IRS Grants Penalty Relief
- First-time penalty abatement
- Reasonable cause (illness, disaster, or reliance on bad advice)
- Compliance with past filings
How Polaris Builds Your Case
- Analyze IRS transcripts to identify abatable penalties
- Prepare Form 843 or written requests for relief
- Draft detailed reasonable cause explanations that fit IRS criteria
FAQs
What is First-Time Penalty Abatement?
A one-time forgiveness option available if you’ve filed and paid on time in prior years.
What is considered ‘reasonable cause’?
Serious illness, death in the family, natural disaster, or other uncontrollable events.
Can interest be abated too?
Only if it’s directly tied to the penalty being removed.