IRS Penalty Abatement – Reduce or Remove IRS Penalties
Reduce or Remove IRS Penalties
The IRS adds penalties for late filing, late payment, or underpayment. These penalties often double the original tax bill. The good news? Many can be reduced or removed with Penalty Abatement.
What Is Penalty Abatement?
It’s IRS relief that eliminates certain penalties if you meet the rules.
Types of Penalty Abatement
- First-Time Abatement – For taxpayers with a clean history.
- Reasonable Cause Abatement – If events outside your control (serious illness, natural disaster, job loss) caused non-payment.
- Statutory Exceptions – Errors caused by incorrect IRS notices or guidance.
Why It Matters
Penalties often make up 25–50% of what you owe. Abatement can cut thousands off your balance instantly.
FAQs About Penalty Abatement
Q: Do penalties go away automatically?
No. You must apply or request them.
Q: Can interest be abated too?
Generally no, unless tied directly to a penalty that gets removed.
Q: Is Penalty Abatement a one-time deal?
First-Time Abatement is once per taxpayer, but Reasonable Cause can be used again if circumstances qualify.
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