Best Tax Preparation Services in Pembroke Pines, FL

The Internal Revenue Service provides the First Time Abatement (FTA) of penalties to taxpayers from the following penalties when the qualifying criteria are met: 1. Failure to file (FTF) penalty under IRC 6651(a)(1) for tax returns, IRC 6698(a)(1) for Partnership returns, or IRC 6699(a)(1) for S Corporation returns. 2. Failure to pay (FTP) penalty under IRC 6651(a)(2) when the tax shown on the return is not paid by the due date and/or IRC 6651(a)(3) when the tax required to be shown on a return, but was not, and the tax was not paid by the date on the notice or demand to pay. 3. Failure to deposit (FTD) penalty under IRC 6656 when the tax was not deposited in the correct amount, within the time period prescribed, and/or in the required manner. Taxpayers may qualify for the First Time Abatement for a penalty described above when they have been tax compliant. A taxpayer is considered compliant, if 1) You filed the same return type, if required, for the past 3 tax years before the tax year you received the penalty; 2) You did not receive any penalties during the prior 3 years, or any penalty was removed for an acceptable reason other than the First Time Abatement; 3) You filed all required returns or filed a valid extension of time to file; 4) 4) You paid or have a valid payment plan to pay all taxes due for years other than the one you are requesting relief for. Contact us Now to find out if you are qualified!