Penalty Abatement

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Penalty Abatement

Did you know that you may qualify for relief from penalties assessed against your back taxes by the IRS or by the state taxing authority If you can demonstrate to the IRS or to the state taxing authority that you were unable to timely file your tax return or timely pay your tax due to certain circumstances that were beyond your control that the IRS and the state taxing authority may deem to constitute reasonable cause to warrant the abatement of penalties?

If you have not been filing and paying taxes in a timely manner, the IRS or the state taxing authority will accrue interest on any outstanding tax balance and may assess penalties against any outstanding tax balance. Additionally, will also assess interest against any penalties that are outstanding, and that when the assessed interest and penalties are added to the tax you owe, your total tax balance will be significantly larger!  If not properly dealt with, over a short amount of time, the amount of your total back taxes can increase dramatically!

Penalty abatement allows a taxpayer to request a first-time abatement (FTA) of certain penalties for a single tax period.  Individual taxpayers may request either a FTA of a penalty for failure to file a tax return by the filing deadline date or a penalty for late payment of tax.  Business taxpayers can request a FTA for either a penalty for failure to timely deposit payroll taxes a FTD penalty) or a penalty for failure to file a tax return by the filing deadline date or a penalty for late payment of tax.

Navigating these penalty abatement tax laws and regulations are best handled by an experienced team of tax experts. The team at Coast One Tax Group has extensive experience negotiating penalty abatement cases for our clients and thereby reducing the amount of money owed to the IRS and State Tax Agencies.  Call us today for a free consultation to learn more and determine if you qualify.

4.8 out of 5 star

10 reviews

Jess T.
2019, July 30, 5:31 pm

Coast one Financial saw my family through

Coast one Financial saw my family through our entire settlement to the end! They did everything they promised, and got us a major settlement savings! My husband and I can\'t thank them enough!

snifflepuff13
2019, June 20, 1:42 pm

Coast one helped me out when I was up against the IRS

Coast one financial group helped me out when I was up against the IRS with a debt of close to $15,000. My ex husband left me in a bad place financially having lied on our last joint tax return. I also had some health issues that kept me from paying my taxes and instead paying for health insurance. Coast one handled all correspondence to and from the IRS as well as kept in touch with me throughout the whole experience. I settled for pennies on the dollar and can now resume my life tax debt free. I\'m so grateful for their help.

Donna S
2019, June 20, 1:31 pm

Coast one save me $34,000 in *** tax debt

Coast one save me $34,000 in *** tax debt the entire team worked me to get all info need for my settlement. I saw advertisement on tv for Coast One and had no I dead they could help me. We settled $440 great job guys!!!

Julie Churchill
2019, May 15, 1:43 pm

I was very happy

I was very happy with all people and quick responses. I would highly recommend this company

Cindy L
2019, May 3, 1:32 pm

My husband and I had about $40,000 in tax debt

My husband and I had about $40,000 in tax debt from some difficulties we had experienced a few years ago. The *** refused to make payment arrangements with us after we’d broken our past agreement following a job and personal losses. We’d seen these tax relief advertisements but wondered if it would work for us. I got an offer to help us by Coast One Financial Group.. I called them and left a message. An attorney called me back and asked if he told me for a few thousand (about $3000 I think) I he could help eliminate $10’s of thousands of dollars of *** debt. I said i’d Love to but didn’t have enough to pay them. He offered us a payment arrangement that we could afford and we did it. We ended up paying the *** $259.00 in exchange for eliminating $40900 of tax debt. We got the letter this week that our tax lien will be lifted within 30 days. This year we filed our taxes and paid them in full! What a relief and burden was lifted thanks to Coast One Financial and their attorneys. I would recommend them to everyone. They are amazing!

Reply from Coast1Tax :

2019, May 3, 1:32 pm

Thank you!

stephen k
2019, May 2, 1:59 pm

will tell many people to call

was very happy with the outcome will tell many people to call coast one for help and thank you.

Reply from Coast1Tax :

2019, May 3, 1:59 pm

Thank you!

Reginald G
2019, April 3, 2:00 pm

Coast One is the best hands down

Coast One is the best hands down, I would recommend Coast One to anyone who has any *** trouble. Everyone have had the up most respect for me situation and took time to walk me through it every step of the way until things was resolved properly. My hat goes off to the whole team. You guys rock

Reply from Coast1Tax :

2019, April 3, 2:00 pm

Thank you!

Cynthia K
2019, March 25, 2:01 pm

JUST AWESOME!!!

JUST AWESOME!!! COAST ONE FINANCIAL, SAVE MY LIFE, FROM ***** FOR YEARS I WAS AFRAID PAYING, MONTHLY PAYMENTS, BUT NOW I DON\'T WORRY ANY MORE FROM 30+ THOUSAND TO 3 THOUSAND DOLLARS IS AWESOME, AWESOME. THANKS, SO MUCH THEY DO WHAT THEY SAY THEY WILL DO. BELIEVE!!!!!! THANK YOU SO MUCH!!!!!!!

Reply from Coast1Tax :

2019, March 25, 2:01 pm

Thank you!

Ranting with Reg Hollywood
2019, January 15, 1:46 pm

step by step guidance

Thank you so much for your patience and step by step guidance, You guys are great and would recommend anyone who have a IRS problem to you guy. Thanks a million you guys rock. I appreciate everything you\'ve done

S. Atika
2018, August 30, 1:47 pm

I owed $44,000 and walked away paying $123 NO JOKE!

Coast One allowed me to have peace again. I was in debt over my ears and saw no way out. With a little time and patience they took me out of debt and gave me my life back. I owed $44,000 and walked away paying $123 NO JOKE! Thank you to the amazing team at Coast One!

Reply from Coast1Tax :

2018, September 1, 1:47 pm

On Behalf of Coast One, we thank you!

Coast One Tax Group - Penalty Abatement

Owe $10,000 or more in Back Taxes?

We offer the following services:

  • Tax Resolution
  • Tax Preparation
  • Tax Negotiation
  • Tax Lien Withdrawal
  • Tax Audit Representation
  • And More...

If you owe $10,000 or more in back taxes to the State or IRS, the team of tax experts at Coast One Tax Group is here to help.

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