The IRS assessed more than $73 billion in civil penalties in a recent fiscal year, according to the IRS Data Book. And a significant portion of those penalties are legally reducible through a process called penalty abatement. Most people carrying
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7 Secrets The IRS Doesn’t Want You to Know
With years of record deficits, the government is more eager than ever to get every dollar of back taxes and IRS penalties from delinquent taxpayers. If you find yourself owing back taxes and IRS penalties, here are the seven little secrets the IRS hopes you never see.
