If you or your organization fails to file the information return promptly, it can give rise to a penalty, which is determined based on facts and circumstance. A request for a IRS penalty abatement must be based on reasonable cause. In the form of a written statement that contains a declaration that the statement is made under penalties of perjury, a penalty abatement can be requested. Additionally, your statement should include the reason the penalty was charged and why the file wasn’t returned in a timely manner. For guidance in creating a request for a penalty abatement, speak with an experienced tax attorney today.