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IRS Penalties

IRS Penalties

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1.35M taxpayers could see their IRS penalties automatically removed each year

1.35M taxpayers could see their IRS penalties automatically removed each year In 2001, the IRS implemented its first-time penalty abatement program to reward taxpayers who had a good compliance history. The FTA program removes certain late-payment and late-filing penalties for individuals, businesses and employers who have a clean compliance history. Since its inception in 2001, …

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