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Tax Penalty Abatement
A tax penalty is a punishment which is levied upon people when they are unable to pay their taxes. Abatement is the relaxation or reduction in the tax which a person or a company has to pay when the person’s debts are not paid on time. Thus tax penalty abatement is the service provided by the government to help the taxpayer get through this problem of paying the tax penalties in case of a genuine problem. The debts of the taxpayer are assessed by IRS (Internal Revenue Services).
