{"id":1390,"date":"2022-11-13T01:33:00","date_gmt":"2022-11-13T01:33:00","guid":{"rendered":"https:\/\/www.irstaxapp.com\/?p=1390"},"modified":"2022-11-13T06:29:31","modified_gmt":"2022-11-13T06:29:31","slug":"how-to-get-first-time-penalty-abatement-from-irs","status":"publish","type":"post","link":"https:\/\/www.irstaxapp.com\/how-to-get-first-time-penalty-abatement-from-irs\/","title":{"rendered":"3 Ways to Get first time penalty abatement from IRS?"},"content":{"rendered":"
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First time penalty abatement (FTA ) is an administrative policy of the IRS to provide relief from penalties to taxpayers for failure to file taxes<\/em> or pay tax in time or failure to deposit tax in time. The penalty relief under the FTA waiver only applies to a single tax period and is not applicable based solely on a taxpayer\u2019s first request for penalty relief.<\/p>\n\n\n\n

In other words, if you are liable for any of the following penalties for the first time, you may apply for the first-time penalty abatement from IRS.<\/strong><\/p>\n\n\n\n

  1. Failure to file<\/a> (FTF) penalty under IRC 6651(a)(1), IRC 6698(a)(1), or IRC 6699(a)(1),<\/li>
  2. Failure to pay<\/a> (FTP) penalty under IRC 6651(a)(2) and\/or IRC 6651(a)(3), and<\/li>
  3. Failure to deposit (FTD) penalty under IRC 6656.<\/li><\/ol>\n\n\n\n
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    Table of Contents<\/p>\n