Taxes October 1, 2026
The Hidden First Time Abate Trap CPAs Miss
A former IRS revenue officer explains what to check before calling a payroll penalty case resolved.
Taxes July 9, 2026
IRS Introduces Automatic Exemption From Penalty Process, Phases Out First Time Abate
The IRS on Wednesday announced a new automatic process that will provide penalty relief for taxpayers who have a history of filing and paying their tax debts on time instead of requiring them to request assistance.
Taxes March 9, 2026
AICPA Urges IRS to Expand First Time Abatement Program
In a letter to the tax agency, the American Institute of CPAs asked the IRS to expand the First Time Abatement program in order to cover more types of tax and information return penalties.