You Corrected the Tax Error — Why Is the IRS Still Adding Penalties?
About this episode
You submitted a correction to the IRS, but your account balance is still increasing. Do penalties and interest continue to accrue while the IRS reviews the information you sent?
In this video, CPA Logan Allec explains what generally happens to IRS penalties and interest while a taxpayer’s correction or response is being processed. He also discusses why the IRS may continue showing additional charges during the review period—and what can happen to those charges after the underlying tax balance is finally corrected.
You’ll also learn what kinds of follow-up notices the IRS may send and why proof that your response was received is so important.
Do you owe the IRS or your state at least $10,000 in back taxes? Or do you have multiple years of tax returns you need to get filed? Book a free consultation here:
https://choicetaxrelief.com/free-tax-...
This video is for general educational purposes and is not individualized tax or legal advice.
#IRSPenalties #IRSInterest #IRSNotice #TaxCorrection #IRSProblems #IRSHelp #ChoiceTaxRelief
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