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    ears ago an entire market sector (textiles) basically disintegrated in our area, leaving many people without a job and many
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    I was meeting with a current client and an IRS Revenue Officer in my office this afternoon and we were discussing his tax liability and the enormous amount of penalties and interest that his company owes on top of the modest amount of tax that is due. Along the way we have attempted to have the penalties abated, but the IRS concluded that his reasons for not paying the taxes when due did not meet the “reasonable cause” qualification for allowing an abatement of penalties.

    About five years ago an entire market sector (textiles) basically disintegrated in our area, leaving many people without a job and many

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    iability and the enormous amount of penalties and interest that his company owes on top of the modest amount of tax that is due. Along the way we have attempted to have the penalties abated, but the IRS concluded that his reasons for not paying the taxes when due did not meet the “reasonable cause” qualification for allowing an abatement of penalties.

    About five years ago an entire market sector (textiles) basically disintegrated in our area, leaving many people without a job and many

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    due. Along the way we have attempted to have the penalties abated, but the IRS concluded that his reasons for not paying the taxes when due did not meet the “reasonable cause” qualification for allowing an abatement of penalties.

    About five years ago an entire market sector (textiles) basically disintegrated in our area, leaving many people without a job and many

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    taxes when due did not meet the “reasonable cause” qualification for allowing an abatement of penalties.

    About five years ago an entire market sector (textiles) basically disintegrated in our area, leaving many people without a job and many

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    ears ago an entire market sector (textiles) basically disintegrated in our area, leaving many people without a job and many companies closing their doors. My client’s business served the textile industry heavily and when they took a hit, so did my client’s business. When the market turned down, so did my client’s business and he was forced to lay many of his employees off - including his bookkeeper. So he had to learn on the fly how to file 941 quarterly returns, and how to make weekly tax deposits at the IRS. Unfortunately, he did not make these payments or filings on time, but rather sporadically, and the IRS

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