If you receive an IRS letter with a balance due, you’ll likely see large penalties assessed. You may or may not agree with the reason for the tax due, but you shouldn’t automatically pay the full amount without exploring some options, specifically the possibility of getting the IRS to waive or abate the penalties.

This happened to a friend of mine. She received an IRS letter with an assessed penalty of $2,400. She was about to pay it but decided to call me first. I gave her a number to call and specific instructions, and within minutes she had the entire amount reduced to zero.

Keep watching and I’ll show you how my three-step process for getting IRS penalties waived or abated.

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Do you have questions about How to Not Pay IRS Tax Bill in Full | CPA Explains? I’m an Illinois-licensed, Registered Certified Public Accountant with over 25 years of experience. I’m dedicated to providing outstanding tax and accounting services to individuals and small businesses in the Chicago area.

Disclaimer: Any accounting, business or tax advice contained in this article, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties. If desired, I would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation services.

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