Penalty Abatement

When you do not pay your taxes in full or on time, the IRS will apply penalties and late fees to the amount you owe. These penalties and late fees can accumulate and before long you may be feeling overwhelmed by the growing debt.

If you have accumulating debt with the IRS or if you want to prevent penalties, the McAllen certified public accountants of Gonzalez and Arrambide, Inc. can help. Contact them at 956-351-6537.

Reasonable causes

There are some issues that make it complicated for an individual to pay their taxes. In these cases, the IRS will cancel most, if not all, of the penalties and late fees. Some of the reasonable causes include:

• Death
• Unavoidable absence (rehab, prison, etc.)
• Destruction of the taxpayers place of records (fire, flood, etc.)
• Taxpayer’s ability to pay has been impaired by civil disturbances (divorce)
• Bad advice received directly from the IRS
• Incorrect advice from a tax professional

Contact us

The McAllen certified public accountants know that unexpected things happen and can help you get back on your feet from IRS debt. If you need reliable guidance from a certified public accountant, contact the Weslaco accountants Gonzalez and Arrambide, Inc. at 956-351-6537.