First Time Penalty Abatement (FTA)

The IRS will liberally abate first time penalties;  this includes both failure to pay, IRC 6651(a)(2) & IRC 6651(a)(3).  and failure to file penalties, (IRC 6651(a)(1) , IRC 6698 & IRC 6699 on both income and payroll tax debts and returns.  Failure to Deposit Penalties under IRC 6656 are ...
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