Penalty Abatement

Tax penalties can cast a long shadow on your financial peace. At Tax Resolution Services of Hawaii, we invite you to step into the sun with our Penalty Abatement service, a solution to help you reduce or eliminate federal tax penalties.


Understanding Penalty Abatement (PA)

Penalty Abatement is a provision by the IRS that offers relief from certain penalties accrued due to late filing, late payment, or failure to deposit taxes. Some of the penalties eligible for abatement include:

  • Failure to File
  • Failure to Pay when the tax shown on the return is not paid by the due date1.

Why Seek PA?

If unforeseen circumstances have led you to miss tax deadlines, PA could be your lei of financial relief. It’s designed for those who have made an earnest effort to meet their tax obligations but were hindered by situations beyond their control.

How to Request PA

To request PA, you would typically fill out Form 843, Claim for Refund and Request for Abatement, detailing your case for relief. This form can also be used to claim a refund or request an abatement of certain overpaid or over-assessed taxes, interests, penalties, and additions to tax.

Why Choose Tax Resolution Services of Hawaii for PA

Entrusting a local Enrolled Agent from Tax Resolution Services of Hawaii with your Penalty Abatement process comes with a tide of benefits:

  • Local Insights: Our familiarity with both federal and Hawaii-specific tax laws allows us to provide a tailored strategy for your Penalty Abatement request.
  • Professional Advocacy: With us in your canoe, you have a skilled negotiator paddling on your behalf to achieve a favorable resolution with the IRS.
  • Stress Alleviation: We handle the waves of paperwork and IRS communication, allowing you to relax on the shores while we navigate the Penalty Abatement process.
  • Educational Empowerment: We illuminate the path, providing you with the knowledge to understand your financial situation and the implications of Penalty Abatement.

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