What IRS Forms Qualify for First Time Penalty Abatement ?

First Time Penalty Abatement  applies to following kinds of IRS forms for the failure to file,  failure to pay penalties, and failure to deposit (employment tax returns):
  • Income tax returns
    1. Form 1040 series, U.S. Individual Income Tax Return
    2. Form 1041, U.S. Income Tax Return for Estates and Trusts
    3. Form 1065, U.S. Return of Partnership Income
    4. Form 1120, U.S. Corporation Income Tax Return
    5. Form 1120S, S. Income Tax Return for an S Corporation
  • Employment tax returns
    1. Form 940, Employer’s Annual Federal Unemployment (FUTA) Tax Return
    2. Form 941, Employer’s Quarterly Federal Tax Return
    3. Form 943, Employer’s Annual Tax Return for Agricultural Employees
    4. Form 944, Employer’s Annual Federal Tax Return
    5. Form 945, Annual Return of Withheld Federal Income Tax
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