Penalty Abatement

Taxpayers may qualify for relief from penalties for failure to file a tax return, pay on time, and/or deposit taxes when due through a first time penalty abatement or reasonable cause abatement. The failure-to-pay penalty will continue to accrue, until the tax is paid in full. It may be to your advantage to wait until you fully pay the tax due prior to requesting penalty relief under the Service’s first time penalty abatement policy.