DOES A PAYMENT PLAN HALT FINES AND INTEREST?

Taxpayers should handle their taxes as quickly as possible to prevent growing fines and interest and lessen odds of being the point of an IRS tax examination. In case you can't settle your obligations, you should reconsider registering in an installment agreement for your tax debt settlement. You can also take relief from late tax fines if you decided to comply with the statutory conditions but failed to meet your tax debts due to impoverished and uncontrollable events. There are cases when taxpayers get a notice from the IRS with false information. In such cases, they should speak to a tax resolution consultant and try to determine the issue, and finally, get freed of the penalty. Proceeding further, let's look at the various penalties and interest statements that can be levied by the IRS and the possible release choices.