Dealing with IRS penalties can be overwhelming, but there are legitimate ways to have them reduced or eliminated entirely. Attorney John D’Amato has three decades of experience helping individuals and businesses resolve tax issues, and here, he shares the most effective strategies for getting IRS penalties erased. First-Time Tax Penalty Abatement The IRS provides First-Time […]
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Dealing with tax debt can be overwhelming, especially when you’re facing financial hardship. For many New Yorkers, an IRS Offer in Compromise (OIC) can provide a lifeline to resolve their tax issues. This program allows qualified taxpayers to resolve their tax debt for less than the full amount they owe. While it can be a
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If you’re a New York resident facing tax debt, you’re not alone. Many individuals and businesses find themselves in situations where they owe money to the Internal Revenue Service (IRS) and struggle to pay it all at once. Fortunately, the IRS offers installment agreements as a way to manage your tax debt over time. This
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