Comments on: Tax issues and penalty abatement? http://www.moneysnatcher.com/news/tax-issues-and-penalty-abatement/ Money Snatcher Finance Blog Fri, 12 Jun 2009 17:08:06 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: tma http://www.moneysnatcher.com/news/tax-issues-and-penalty-abatement/comment-page-1/#comment-286 tma Thu, 02 Oct 2008 13:30:56 +0000 http://www.moneysnatcher.com/united-states/tax-issues-and-penalty-abatement/#comment-286 you could say that it was an "honest" mistake and that you've always paid your taxes timely in the past. you could try saying you had a fire or flood and lost many documents. if it was for your own business, you could perhaps say that youve had a lot of turnover with bookkeepers. if it was already denied however, chances are they wont overturn their decision. keep paying b/c the penalties and interest are accruing every day. you could say that it was an “honest” mistake and that you’ve always paid your taxes timely in the past. you could try saying you had a fire or flood and lost many documents.
if it was for your own business, you could perhaps say that youve had a lot of turnover with bookkeepers.

if it was already denied however, chances are they wont overturn their decision. keep paying b/c the penalties and interest are accruing every day.

]]> By: Wayne Z http://www.moneysnatcher.com/news/tax-issues-and-penalty-abatement/comment-page-1/#comment-285 Wayne Z Wed, 01 Oct 2008 07:11:46 +0000 http://www.moneysnatcher.com/united-states/tax-issues-and-penalty-abatement/#comment-285 A really good reason for being behind. Such as, "I was in a coma" or "I was stranded on a deserted island". Anything short of a life or death excuse will probably be denied. Someone I know tried "I'm just really bad with paperwork". I am sure the IRS got a laugh out of that one. A really good reason for being behind. Such as, “I was in a coma” or “I was stranded on a deserted island”.

Anything short of a life or death excuse will probably be denied.

Someone I know tried “I’m just really bad with paperwork”. I am sure the IRS got a laugh out of that one.

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