If you’re facing tax penalties for the first time, the IRS’s First-Time Penalty Abatement (FTPA) waiver might be your solution. This program offers a chance to have these penalties removed if you meet certain criteria. Alleviate Tax can help you navigate the process and potentially save you thousands in penalties and interest.

The First-Time Penalty Abatement waiver is available to both individuals and businesses who have incurred penalties for failing to file, pay, or deposit taxes for the first time. It’s crucial to have a good compliance history with the IRS before this penalty. Additionally, the First-Time Penalty Abatement only applies to a single tax year, so you may need to explore other options for penalties from previous years.

There are two main ways to request a penalty abatement from the IRS:

• By phone: If you qualify for the First-Time Penalty Abatement (FTPA) waiver, you might be able to request it over the phone by calling the number listed on your IRS notice.
• By mail: You can submit a written request using Form 843, Claim for Refund and Request for Abatement. Include a detailed explanation of why you believe your penalties should be removed.

Having trouble navigating the process? Alleviate Tax can help! We’ll assess your situation and guide you through the most effective method for requesting penalty abatement.

Yes, the IRS has programs in place to waive penalties and interest on your tax debt. Here are two possibilities:

• First-Time Penalty Abatement (FTPA): This program allows the IRS to waive penalties for first-time offenders who meet specific criteria.
• Reasonable Cause Abatement: If you can demonstrate a legitimate reason for missing deadlines or filing errors (e.g., serious illness, or natural disaster), the IRS might waive your penalties and interest under “reasonable cause” guidelines.

Confused about which program applies to you? Alleviate Tax can analyze your situation and determine the best path towards penalty and interest abatement.

The IRS assesses several elements when determining ‘reasonable cause’ for penalty relief. Some acceptable reasons include:

• Serious illness, hospitalization, or accident
• Death of a family member
• Natural disaster
• Incorrect information from the IRS
• Military service

Not sure if your situation qualifies? Alleviate Tax can help! We’ll review your circumstances and craft a compelling explanation for your request for penalty abatement.

Absolutely! Tax penalty rules and calculations can be complex. Alleviate Tax’s team of penalty abatement specialists can handle the entire process for you. We’ll determine your eligibility for the FTPA or other programs, ensuring you get the best possible outcome.