Tax Penalties

Tax penalties can make it difficult to resolve tax debts. With our help, you can rise above your tax problem and look forward to a brighter financial future.

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Federal Tax Penalties

The IRS assesses tax penalties at the federal level. If you're feeling overwhelmed by the threat of progressively higher federal tax penalties, let us help you develop a strategy to get back into good favor with the IRS.

State Tax Penalties

Business owners and individual taxpayers can do everything they think is right when it comes to paying their taxes only to learn they're facing staggering tax penalties assessed by their state tax authority.

Trust Fund Penalties

Trust Fund Penalties—also known as Trust Fund Recovery Penalties, or TFRPs—are the federal government's way of recovering employment taxes that are in arrears. Learn more about how Omni Tax Solutions can advocate for you to help prevent, remove, or resolve TFRPs.

OVERVIEW

What Is a Tax Penalty?

A tax penalty is assessed by the IRS or state tax authority in response to non-compliance. Non-compliance can result from a failure to file on time, providing inaccurate information, or underpaying a tax bill.

Tax penalties can be incredibly steep and can increase as time goes on. Interest is also charged on outstanding tax penalties, making matters even worse. The only way to eliminate a tax penalty is to pay it off, dispute it, or attempt to have it abated. Our team can work with you to formulate a plan for addressing your tax penalty situation head-on.

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What to expect

I'm facing a tax penalty. Now what?

If you’ve recently been sent a letter by the IRS or state tax authority notifying you that a tax penalty is being assessed against you, you’re probably feeling overwhelmed. The good news is that Omni Tax Solutions can help.

Until your tax penalty is paid off or abated, interest on the penalty is only going to add up. Your best course of action is to consult with a Tax Solutions Specialist at Omni to better understand the options available to you.

Next Steps

How Does Omni Help People Facing Tax Penalties?

Since 1995, we’ve been helping people overcome even the most complicated tax penalty problems. We do this by conducting a thorough analysis of your tax situation and advocating for you before the IRS or state tax authority.

The first step in addressing your tax penalty issue is to start a conversation with one of our tax resolution professionals.

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Next Steps

How does Omni help people facing tax penalties?

Since 1995, we’ve been helping people overcome even the most complicated tax problems. We do this by conducting a thorough analysis of your tax situation and advocating for you in front of the IRS or state tax authority.

The first step in addressing your tax penalty issue is to start a conversation with one of our tax resolution professionals.

Common Tax Penalties Questions

Yes. Our team is capable of assisting you with resolving either federal or state tax penalties.

In some cases, you can work with the tax authority directly to have your tax penalty reduced, fully abated, or placed into a resolution to pay it over time. Our team may be able to help provide guidance and direction.

Every tax penalty case is unique, and there is no standard time window for certain actions to be taken. An Omni Tax Specialist can help you understand your situation better and, after conducting some research, explain what timeline is most realistic for you.