IRS Tax Relief Attorney
410 Ware Blvd #821, Tampa, FL 33619
Penalties & Interest

Tampa Penalties & Interest for Tax Debt Lawyer

Will the IRS Negotiate Penalties and Interest?

If you fail to pay your back taxes, it can result in IRS penalties and interest that can compound over years and make your tax debt substantially larger than it initially was.

Non-payment of this debt can then result in:

  • Even more IRS penalties and interest
  • A levy on your wages or bank account
  • A lien against your property
  • Or even a seizure of your assets

IRS Penalties can be applied for filing your tax return late or for paying your due tax late. The IRS penalty for filing late is generally 5% each month, or partial month, and can be up to 25% of the amount due on your tax return.

There are some situations and circumstances in which you can have your IRS Penalties abated or eradicated either partially or in full for one tax year or multiple tax years. To submit this Penalty Abatement request to the IRS, a taxpayer must have reasonable cause that is specific for each year and must be able to explain why the penalties should be removed.

A IRS tax debt attorney in Tampa who knows tax law and can assist you in negotiating with the IRS. Contact our firm today!

How Do I Reduce Delinquent Tax Debt?

Besides the "Offer in Compromise" the IRS offers an alternative program for reducing delinquent tax debt. Clients seeking tax relief from their tax liability can still be helped. Attorney Brian Loughrin can work with you and make payment arrangements that the IRS will allow.

If there were circumstances beyond your control that prevented you from paying your tax debt and led to delinquency, we are able to challenge the penalties (Penalty Abatement) that have built up.

Relief from IRS Penalties and Interest

Relief from penalties falls into four separate categories:

  • Reasonable Cause - mistake made by the taxpayer, ignorance of law, death, serious illness, unavoidable absence or divorce.
  • Statutory Exceptions - simple or complex legislative tax code changes.
  • Administrative Waivers - undue hardship, fire, flood, natural disaster, bad legal/tax advice.
  • Correction of Service Error - mistakes made by the IRS.

If an Offer in Compromise is not the best solution in resolving your tax debt, then a Penalty Abatement is generally a better alternative.

Need relief from IRS penalties and interest? Call a Tampa IRS tax audit attorney today or contact us online to discuss your legal options.

Client Reviews

Don't Take Our Word for It, Hear It From Our Clients
  • “Brian was able to guide me through a very difficult situation, handle all my problems with the IRS and and answers all questions and concerns.”

    - FH
  • “I am VERY satisfied with the job Brian did and would recommend him to ANYONE with IRS problems.”

    - Gerald McCoy
  • “We are extremely grateful and so happy that we chose him to represent us. We now consider Brian a good friend.”

    - Joe and Michele
  • Brian T. Loughrin Photo
    Brian T. Loughrin

    Tax Relief Lawyer

    Brian Loughrin is an experienced and knowledgeable tax attorney* who has represented clients for nearly 20+ years. His particular expertise in the area of IRS tax law coupled with his unique dedication to his clients' property rights have enabled him to secure successful results in numerous cases. His admission before the United States Tax Court (and US Supreme Court) allows him to see your tax matter thru to the highest levels as may be necessary. No matter the particular circumstances of your ...
  • S

    Enrolled Agent

    As an Enrolled Agent, Shelley is federally authorized to represent taxpayers before the IRS for tax issues including audits, collections, and appeals. An Enrolled Agent status is the highest credential awarded by the IRS and is recognized in all 50 U.S. states. Shelley also has a Master’s Degree in Health Administration from the University of Oklahoma (Boomer Sooner!). Shelley says the transition from healthcare to tax controversy was a natural one as both rely heavily on helping people. In her ...

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