The IRS has a first-time abatement program under which taxpayers can request that certain penalties be abated (waived), provided certain conditions are met. In November, the National Taxpayer Advocate Erin Collins announced that the IRS is going to have an automatic abatement program starting in 2026. Details are unknown at this time. #IdeaoftheDay
Barbara Weltman
Big Ideas for Small Business, Inc.
Subscribe and download for Free our newly-updated eBook, "150+ Tax Deductions for Small Business A to Z" Revised to reflect changes in the One Big Beautiful Bill
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