With tax season coming to an end, those who filed and paid on time are able to breathe a sigh of relief. Unfortunately for those who have failed to file or pay their taxes in a timely manner, greater potential stress is on the horizon. Significant tax penalties can and will be imposed until the tax debt is paid off. The IRS does not take these situations lightly and imposes a penalty of 5% of the tax debt due a month and can even extend to 100% (or $135, whichever is smaller). Over time the IRS will utilize their tools of tax liens, wage garnishments, and/or notices, summons and seizures which can damage your reputation and credit score and place your job and family in severe financial jeopardy.

Fortunately, there is a great option available to combat these threats and stressful situations. IRS Penalty Abatement refers to the reduction in penalties imposed by the IRS. We provide penalty abatement services not only for filing late or failing to file tax returns, but also for:

• Accuracy-related penalties
• Penalties for tax fraud
• Penalties for under-payment of tax, and
• Combined penalties

We are also able to assist in making payment agreements with the IRS to settle IRS back taxes, through:

• A short-term, time to pay extension
• Installment Plans, OR
• Offers-in-compromise

If you have failed to file or pay your tax debt on time and believe you will be subject to strict IRS penalties, please do not hesitate to call the tax resolution professionals at Michigan Pure Tax Resolution at (248) 329-1160. We are available 24/7 and strive to give our clients, and taxpayers, the financial freedom they deserve!