Hello, this has been helpful thank you. I read a comment that this 843 Request for abatement if approved will only apply to the penalties, what about the interest accrued. My argument is the IRS took almost 2 years to finalize a decision on my OIC which cause increased fees and interest. I was including this in my supplemental explanation form. Is this a waste of time because interest will not be abated. Please advise?
2 years? If they haven't made a decision after 24 months the offer defaults to being accepted. Did you not hear from them or was more information requested during that time? To answer your question - yes, this is the penalty only.
Would this be the right form to use to recover the FICA taxes that your former employer withheld from a final distribution from a SERP after termination from service, if they had already previously withheld FICA taxes on all the previous years when they made the contributions to the plan? If so, do you file this form before or after you already filed your taxes for the year when you received that distribution?
@AmericasFavEA Wow I didn't know it took that long. I unfortunately didn't 😕 send it certified. I have to check. I didn't pay yet and they are sending the bill with interest! Grrr Thanks so much for responding!
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Thank you! 🙏🏽
@@AmericasFavEA you're welcome 😊
Hello, this has been helpful thank you. I read a comment that this 843 Request for abatement if approved will only apply to the penalties, what about the interest accrued. My argument is the IRS took almost 2 years to finalize a decision on my OIC which cause increased fees and interest. I was including this in my supplemental explanation form. Is this a waste of time because interest will not be abated. Please advise?
2 years? If they haven't made a decision after 24 months the offer defaults to being accepted.
Did you not hear from them or was more information requested during that time?
To answer your question - yes, this is the penalty only.
Would this be the right form to use to recover the FICA taxes that your former employer withheld from a final distribution from a SERP after termination from service, if they had already previously withheld FICA taxes on all the previous years when they made the contributions to the plan? If so, do you file this form before or after you already filed your taxes for the year when you received that distribution?
I am sooooo sorry I missed this. Did you already find your answer?
@@AmericasFavEA No problem.I still haven’t found a definitive answer. Your input would be most appreciated. Thank you in advance.
Where do you get your transaction
You can pull the amount for the penalty from your transcripts.
I filled one of these out. How do you know they received and respond to you?
I recommend sending it certified. It could take 3-9 months before you hear back.
@AmericasFavEA Wow I didn't know it took that long. I unfortunately didn't 😕 send it certified. I have to check. I didn't pay yet and they are sending the bill with interest! Grrr Thanks so much for responding!
@@JustWonderingMg you're welcome. Wishing you all the best! Keep in mind that only the penalty will be removed if they accept it.