You may qualify for penalty abatement if you made an effort to comply with the tax filing requirements, but were unable to meet your filing obligations, due to circumstances beyond your control. The IRS will consider granting a taxpayer penalty relief for:
(1) Reasonable Cause;
(2) Administrative Waiver (i.e. First Time Penalty Abatement);
(3) Statutory Exception
FIRST TIME PENALTY ABATEMENT – A Reward for being a good Taxpayer!
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