Penalty Relief for Nonfilers: Automatic Exemption from Penalty, First-Time Abatement, and Reasonable Cause

Join Matt Eddleman, EA, for a one-hour ALFi webinar exploring IRS penalties and interest on delinquent tax returns and the options available for relief. Learn how failure-to-file and failure-to-pay penalties are calculated, the differences between Automatic Exemption from Penalty and First Time Abatement, and how to build a well-documented reasonable cause request under §6651(a). The session will also cover procedures for requesting relief and the penalties and interest that may remain.

What You’ll Learn:

• How the IRS calculates penalties on late returns
• Key differences between Automatic Exemption and First Time Abatement
• How to establish and document reasonable cause
• Procedures for requesting penalty relief and its limitations

Who Should Attend: CPAs, Enrolled Agents, tax attorneys, and other tax practitioners.