Avoid Tax Penalty With an IRS Penalty Abatement Letter

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Of course it’s best to avoid incurring IRS tax penalties but if you get saddled with any, the best way to get out of having to pay is so obvious it’s often overlooked: Just ask! The IRS has a “Penalty Handbook” describing various penalties that may be assessed against taxpayers. In addition, the Handbook also contains little known loopholes that can be used to ask for a reduction or elimination of penalties. The IRS Penalty Handbook is available to taxpayers ...

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