IRS usually assesses a penalty when a taxpayer either files late or pays late. Very often our clients have reasonable cause when their conduct justifies the non-assertion or abatement of a penalty. Each case is judged individually based on the facts and circumstances at hand. There are many conditions under which late penalties and interest fees can be reduced or minimized. Fincom Group USA helped many clients to navigate through the complex forms, procedures, and requirements of getting the penalty abatements needed to bring their tax problems under control.
