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IRS Interest Abatements
Any balance due that is owed to the IRS government will continue to accrue interest on the amount of the outstanding tax obligation. The interest rate is generally pretty low compared to to other types of debt, but over time the amount of interest continues to add up. There are certain circumstances where a taxpayer is able to do an IRS interest abatement in order to avoid the accrual of interest on some or all of the liability. Here, we will discuss all that pertains to IRS interest abatements.