{"id":7061,"date":"2023-03-31T13:29:38","date_gmt":"2023-03-31T13:29:38","guid":{"rendered":"https:\/\/www.irstaxapp.com\/?p=7061"},"modified":"2023-04-01T03:10:30","modified_gmt":"2023-04-01T03:10:30","slug":"tax-penalty-forgiveness","status":"publish","type":"post","link":"https:\/\/www.irstaxapp.com\/tax-penalty-forgiveness\/","title":{"rendered":"Tax Penalty Forgiveness : A Comprehensive Guide that Will Help You to Get Relief"},"content":{"rendered":"\n
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Tax penalty forgiveness can provide much-needed relief for taxpayers facing financial hardship or other extenuating circumstances.Tax penalty forgiveness is set of several programs that IRS runs to provide relief to taxpayers because mistakes can happen for various reasons on account of complexity of tax law and relevant procedures. The Internal Revenue Service (IRS) imposes penalties for various reasons, including late filing<\/a>, failure to pay penalty,<\/a> and inaccurate reporting. <\/p>\n\n\n\n

However, there are options for taxpayers seeking relief from these penalties. Tax penalty forgiveness, also known as penalty abatement, is a process by which the IRS may waive or reduce penalties for eligible taxpayers. In this article, we will explore the various forms of tax penalty forgiveness, discuss the eligibility criteria, and outline the steps to request relief. We will also examine relevant IRC codes and Revenue Rulings.<\/p>\n\n\n\n

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