A 2012 report showed that only 8% of the 1.65 million individual taxpayers who qualified for FTA actually requested it.įTA is mainly used to remove (abate) the failure to file and failure to pay penalties for individuals and businesses. FTA has been an option since 2001, but few taxpayers actually use it. If you have a clean compliance history, you may be able to get relief from certain late-filing and late-payment penalties using the IRS’ administrative waiver called first-time abatement (FTA). You have paid, or arranged to pay, any tax due.You filed all currently required returns or filed an extension of time to file.
You didn’t previously have to file a return or you have no penalties for the 3 tax years prior to the tax year in which you received a penalty.You may qualify for administrative relief from penalties for failing to file a tax return, pay on time, and/or to deposit taxes when due under the IRS’ First Time Penalty Abatement policy if the following are true:
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