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  • Penalty abatement

The IRS can issue a tax penalty abatement, removing all tax penalties, if an individual can show that he had reasonable cause for not paying his taxes on time. To qualify for a tax penalty abatement, an individual must show the IRS that he has showed due diligence in trying to repay the debt. A person could qualify for tax abatement if he or a close family member has recently experienced a serious health problem, theft, bad accounting advice or a natural disaster.

 

  • Power of Attorney

    The legal form giving an authorized individual (Certified Public Accountant, Enrolled Agent, or Attorney, etc) authority to represent a taxpayer before the Internal Revenue Service.

 

  • Proposed Tax Change Notice

A notice sent to a taxpayer by the IRS showing proposed changes to the taxpayer’s income tax return. The IRS will send a proposal if the numbers on an individual’s tax return are different than the numbers provided to them by that individual’s employers and banks. The notice is not a bill, it is simply a statement that allows the taxpayer to disagree, partially agree or agree with the proposed changes.