IDEAL TAX SOLUTION, LLC Has Learned The IRS Is Providing Late-Payment Penalty Relief For Taxpayers

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Ideal Tax Solution, LLC is notifying individuals and businesses they may be eligible for penalty relief if an extension request is properly filed. The relief is due to recent enactment of the American Taxpayer Relief Act.

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Tax professionals understand all too well how important it is to constantly review any announcements made by the Internal Revenue Service.

Ideal Tax Solution, LLC is in the process of reviewing tax returns affected by the delay in the availability of specific tax forms regarding depreciation deductions and a variety of business credits. Certain forms not available until February or March forced many individual and business taxpayers to file for extensions while the forms were being prepared.

Late-payment penalties are normally 0.5 percent per month, and charged on tax payments made after the regular filing deadline. The American Taxpayer Relief Act of 2012 provides relief to taxpayers who did not have access to the forms in a timeframe that would have allowed for tax returns to be filed on time. Ideal Tax Solution is working closely with clients to address the late-payment penalty relief issue.

In order to qualify for this relief, individuals and businesses must properly request an extension to file their 2012 returns. Eligible taxpayers should accurately estimate their expected tax liability and pay the estimated amount by the original due date of the return, as usual. There is no need to include any special notations. Ideal Tax Solution is standing by to assist taxpayers affected by this year’s tax filing irregularities.

“A lot of people think IRS policies are etched in stone and never change from year to year,” says Thomas Rodriguez, senior tax analyst at Ideal Tax Solution. “But tax professionals understand all too well how important it is to constantly review any announcements made by the Internal Revenue Service.”

A complete listing of eligible forms can be found in Notice 2013-24 on, and taxpayers can contact Ideal Tax Solution for any details relating to taking advantage of the late-payment penalty relief. It is worth noting that interest still applies to any payment made after the original deadline.

For U.S. taxpayers interested in finding out more about Ideal Tax Solution and their full range of in-depth and personalized tax preparation services, or for any tax help related issue, visit them online at You can also reach them by phone by dialing 888.393.5154. Good tax tips and additional information can be found on their Facebook page and by following them on Twitter.

About Ideal Tax Solution, LLC – Located in Costa Mesa, California, the company provides a full range of tax preparation and resolution services as well as reassurance to taxpayers nationwide. With more than 55 years of combined experience providing American taxpayers with federal and state income tax solutions, Ideal Tax Solution offers an experienced staff which includes Enrolled Agents, CPAs and Senior Tax Consultants who stand at the ready to help with any tax issues.

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Gary Sweet
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