It may happen that you didn’t pay your taxes or file your returns properly. You may have a genuine reason for this, or it may just have been a mistake.

Mistakes are a part of life and everyone makes them. This is why the IRS has a provision called “First-time Penalty Abatement”.

The IRS penalty abatement is simply a waiver that the IRS grants to taxpayers, relieving them from the penalties of failure to pay, failure to file, or failure to deposit.

This simply means that if you have faulted in any of the above ways and are to be penalized by the IRS, you may just be able to escape that penalty. However, certain criteria must be met for you to qualify for this waiver.

Some of the criteria to qualify for the first time penalty abatement policy include: 

  • You weren’t required to file a return or have no penalties for three tax years before the tax year in which you received the penalty.
  • You filed all currently required forms or filed an extension of time to file.
  • You have paid, or arranged to pay, any tax due.


How can we help you abate your tax penalties?

To request IRS tax penalty abatement, you will have to write a letter. However, to increase the chances of your request getting accepted, it is wise to work with a tax professional.

As professionals, we will look into your tax situation, review your eligibility, and help you request for the abatement of your tax penalty. Call us today to schedule a free consultation.