A tax penalty can add to the stress of an already difficult situation. If you believe a penalty is incorrect or circumstances affected your ability to comply, start by reviewing the notice and what happened.
Nikol Shapiro, CPA helps individuals and business owners understand penalty notices and discuss whether a relief request may be appropriate. Based in Plymouth, Minnesota, she’ll review the facts and supporting records before outlining the next steps.
Penalty relief depends on the penalty, the circumstances, and the applicable requirements. Nikol can help review the issue and discuss the support needed for a request; the tax agency decides whether relief is granted.
Share the notice and explain what happened. Nikol will review the penalty, relevant dates, and the information needed to assess the matter.
Discuss whether the facts support a relief request and gather the relevant documentation. Identify gaps or details that need clarification.
If appropriate, discuss preparing and submitting a request within the agreed scope. Review the agency’s response and any next steps needed.
Start with the records you have. Nikol can help identify any additional information needed for your business.
Use the contact form for your initial inquiry. Nikol will explain how to share sensitive financial records.
Discuss the underlying balance alongside the penalty so the outstanding issues can be reviewed together.
Back Taxes Owed
Tell Nikol which penalty you received and what circumstances you would like reviewed.
Contact Nikol
