IRS penalty abatement can remove qualifying penalties, even when the tax remains due. Learn reasonable cause, why inability to pay is not enough, and how Tomes Law Firm challenged an audit penalty in Tax Court.
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IRS penalty abatement can remove qualifying penalties, even when the tax remains due. Learn reasonable cause, why inability to pay is not enough, and how Tomes Law Firm challenged an audit penalty in Tax Court.
THE SHORT ANSWER: If an accountant or payroll company takes money that was supposed to be paid to the IRS, the business generally still owes the payroll taxes. The IRS may also charge penalties and interest, and certain owners or other responsible individuals may face personal liability.The business may have a claim against the payroll … Continued