Penalty Abatement
Reduce or eliminate IRS penalties and the interest they generate.
Let Libre Tax Resolution help you maximize your savings through a Penalty Abatement request. Many IRS penalties can be reduced or eliminated with the right approach - and removing penalties also reduces the interest charged on them.
We identify which penalties you're paying, determine the strongest grounds for relief, and prepare a well-documented request that gives you the best chance of approval.
Key Benefits
- Reduce or eliminate IRS penalties
- Lower the interest charged on those penalties
- Start with a cleaner balance
- A professionally documented request
- A faster path to full resolution
How It Works
Identify Penalties
We review your account transcripts to find every penalty you've been charged.
Determine Grounds for Relief
We match your situation to the strongest basis for abatement - first-time, reasonable cause, or statutory exception.
Gather Documentation
We assemble the records and evidence that support your request.
Submit the Request
We prepare and submit a clear, persuasive abatement request to the IRS.
Apply the Savings
Once granted, the removed penalties - and the interest on them - come off your balance.
Types of Penalty Relief
Not sure if this is right for you? A free consultation is the fastest way to find out.
- First-Time Penalty Abatement - for taxpayers with a clean compliance history
- Reasonable Cause - for circumstances beyond your control (illness, disaster, lost records)
- Statutory Exception - when you received incorrect written advice from the IRS
Frequently Asked Questions
Common penalties eligible for relief include failure-to-file, failure-to-pay, and failure-to-deposit penalties. We review your account to identify everything that may qualify.
First-Time Abatement (FTA) is an IRS provision that removes certain penalties for taxpayers with a clean compliance history over the prior three years. It's often the quickest form of relief.
Simple first-time abatements can be resolved relatively quickly, while reasonable-cause requests that require documentation take longer. We push for the fastest appropriate outcome.
Reasonable cause covers circumstances beyond your control - such as serious illness, a death in the family, a natural disaster, or the loss of records - that prevented you from complying on time.
Yes. Interest accrues on penalties, so when penalties are removed, the interest charged on those penalties is reduced as well, lowering your overall balance.
Get Help With Penalty Abatement Today
Tell us about your situation and one of our expert Enrolled Agents will reach out within one business day - at no charge.