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I have many family members that are accountant and/or CPA's. Never once has the IRS rescinded interest, for any reason whatsoever, for any of their clients.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