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LPT: U.S. taxpayers should ask the IRS about its penalty amnesty program if they need to file/pay taxes and don’t. IRS won’t bring it up!
LPT: U.S. taxpayers should ask the IRS about its penalty amnesty program if they need to file/pay taxes and don't. IRS won't bring it up! The IRS has a penalty abatement program meant to allow taxpayer assessed penalties for the first time to request a one-time penalty amnesty. The program applies to the failure-to-file and failure-to-pay penalties as well as several others, and can save taxpayers significant amounts of money in certain cases. The penalty abatement waiver must be ...
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