Unlock Free Money: Claim Your First Time Penalty Abatement
Welcome to Pro Tax Solvers, where we strive to provide expert tax solutions for our clients. Did you know that the IRS offers a valuable First Time Penalty Abatement program that many taxpayers are unaware of? This program allows you to request the removal of penalties for the first year of tax debt that you owe, and it’s essentially free money waiting to be claimed. We’re here to guide you through the process and help you get the relief you deserve.
What Is First Time Penalty Abatement?
The First Time Penalty Abatement (FTPA) is an IRS program designed to assist taxpayers who have a good compliance history but have incurred penalties for the first time. Whether you’ve faced failure to file or failure to pay penalties, the FTPA program provides a path to penalty relief.
Who Is Eligible for FTPA?
To qualify for the FTPA program, you must meet the following criteria:
- You have a clean compliance history. This means you’ve filed all required tax returns on time and paid any taxes owed.
- You are facing penalties for the first time. The FTPA program is specifically for first-time offenders.
When Can You Request FTPA?
You can request FTPA when you are close to paying off the tax debt for the earliest year you owe, and only penalties remain. You can also request it after you’ve paid off your debt in full, but your request must be made within two years of paying off the penalty.
What Happens If FTPA Is Approved?
If your request for First Time Penalty Abatement is approved, the IRS will either refund the abated penalty amount to you or apply it to other outstanding tax debts if they exist. This means you could potentially get money back in your pocket or reduce your overall tax liability.
How to Request FTPA
To request FTPA, you’ll need to submit a formal request to the IRS. This request should include documentation to support your case, such as tax returns for the year in question. Our team at Pro Tax Solvers can assist you in preparing and submitting your request professionally and efficiently.
Act Now!
Don’t let your hard-earned money go to waste in the form of IRS penalties. If you believe you qualify for First Time Penalty Abatement, it’s crucial to act quickly. The clock is ticking, and you don’t want to miss the two-year window after paying off the penalty.
Contact Pro Tax Solvers Today
At Pro Tax Solvers, we understand the complexity of tax matters and the importance of resolving them promptly. If you’re ready to claim your First Time Penalty Abatement, contact us today. Our expert team will guide you through the process, ensuring that your request is submitted with detail, clarity, urgency, and professionalism.
Let us help you unlock the free money you deserve. Your financial future is important to us, and we’re here to make sure you keep more of your money in your pocket.
Call Now!
(702) 381-2425 or click here for a 30 Minute Free Consultation
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