Definition of “IRS abatement” - English Dictionary

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“IRS abatement” in Business English

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IRS abatementnoun [ C or U ]

uk us US

TAX a decision by the IRS that someone does not have to pay some or all of taxes that they owe, or some or all of a penalty for not paying taxes

(Definition of “IRS abatement” from the Cambridge Business English Dictionary © Cambridge University Press)