Understanding Risk of Tax Penalties & Interest

Contact Carver Law Offices for Professional Representation.

Facing Penalties & Interest in Oklahoma City?

The Carver Law Office, PLLC Can Help You Understand Why

Tax penalties and interest that grow over time can be very harmful to a taxpayer. Over time, they can add up, giving you very high tax debt. In some cases, the penalties and interest amount to more than the original amount owed in the first place.

If you are facing tax penalties and interest, it is in your best interest to contact our Oklahoma City tax attorney at The Carver Law Office, PLLC as soon as possible. These problems only become worse with time if you do not take the proper steps.

Taxpayers can face penalties and interest for a number of reasons, including:

  • Underpaying: The IRS can find out who paid less than they owed.
  • Filing a late return: Even being one day late for filing your tax returns can cause a penalty.
  • Accuracy-related penalties: The severity of the penalty will depend on the percentage of errors.
  • Tax fraud: This offense can result in a severe penalty, including federal criminal charges.

What Are the Consequences for Not Paying Tax-Related Fees?

It is also important to know what potential consequences you can face for not paying tax-related fees, such as:

  • Wage garnishments
  • Criminal penalty fees
  • Property levies
  • And seizure of assets

Have questions? Call (405) 256-2619 to start with a case evaluation today!

Are You Eligible for Penalty Abatement?

If you can prove an adequate reason why the penalty should be removed, there is a possibility to receive penalty abatement. Sometimes unforeseen circumstances can cause us to end up in such penalties.

Unfortunately, there are no abatements for interest (except in extremely rare circumstances); however, we can help you with the process of requesting penalty abatement. An offer in compromise may also be an option for your specific circumstance.

Contact our office by calling (405) 256-2619 today to learn more about how we can help you with your penalties and interest. Our Oklahoma City tax lawyer is always ready to assist with your case.

Client Reviews

  • "It was helpful to have a steady reassuring hand to make sure that the issue was resolved in a fair and equitable manner. I can't recommend her enough.¬†You can do no better."
    Jeff B.
  • "They communicated closely with our accountant as well as the state tax office. Overall, we were extremely satisfied with the outcome as well as the reasonable cost of service."
    T N.
  • "No questions asked, just jumped right in and handled everything. We are so thankful for her help and advice."
  • "I had a tax lien, and through Ms. Carver, it was resolved beyond my highest expectations. Her communication was excellent, honest, and straightforward, and her fee was a pittance compared to her work and the results she achieved."
    Chris Liebman
  • "One call to your office and shortly later, you got the lien released and I was on my way to my first home."
    P.A. and Family

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