Dealing with IRS penalties and interest can be one of the most stressful experiences for taxpayers. Whether you’re an individual or a business owner, the accumulation of penalties and interest on unpaid taxes can quickly spiral out of control, leaving you overwhelmed and financially strained. Fortunately, the IRS provides options for penalty and interest abatement under certain circumstances, and retaining the services of a trusted tax representation firm like Mike Habib, EA can make all the difference in successfully navigating this process.
In this article, we’ll explore what penalty and interest abatement entails, the eligibility criteria, and how Mike Habib, EA can assist taxpayers in reducing or eliminating these burdens. We’ll also discuss the benefits of working with a licensed Enrolled Agent (EA) and why professional representation is essential when dealing with the IRS.