Thread: Money I owe the IRS $4,000
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Old 02-16-2020, 01:25 PM   #110
scho63 scho63 is offline
Politically Incorrect
 
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Quote:
Originally Posted by DaneMcCloud View Post
Reducing your overall tax burden isn't the same as completely eliminating or rescinding Interest Due.

I have many family members that are accountant and/or CPA's. Never once has the IRS rescinded interest, for any reason whatsoever, for any of their clients.

Penalties? Yes. Interest? No.

Others who are tax accountants and/or CPA's have chimed in this thread and have verified that the IRS will not rescind interest.

Again, the IRS, not the state.
Well they are wrong because I got reductions on EVERYTHING including parts of Interest and Penalties.

It didn't go to zero but it was a far cry from the starting amount.
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