Since 2005, the IRS has offered taxpayers a unique opportunity to lower some penalties assessed on their unpaid taxes. The qualifications are strict, but the savings can add up to thousands of dollars for taxpayers who are in payment plans or have paid their balances.

Known as First Time Penalty Abatement (FTA), the IRS is authorized to remove individual taxpayer penalties related to Failure to Pay your taxes on time or Failure to File your taxes by the due date. This is not a multi year offer--the abatement applies to a single tax year.

To qualify, taxpayers must not have been previously assessed other significant tax within the past three years. Also, the taxpayer must be in compliance with all filing and payment requirement at the time the FTA is requested.

We have a method to AUTOMATICALLY CHECK to see if you have FTA eligibility on prior year tax returns as part of our tax transcript monitoring system. If you have FTA eligibility, you can hire us to contact the IRS to request a refund for you. Get a BONUS REFUND from the IRS that you didn't even know you had coming!

Use the CONTACT US button on our website or email: kevin@regotaxlaw.com to find out about our tax transcript monitoring service today!