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Dabbs, Hickman, Hill & Cannon, LLP
319 South Main Street, PO Box 727
Statesboro, GA 30459
Phone: 912-764-6951
325 Tattnall Street
Savannah, GA 31401
Phone: 912-233-9004
October 2022
October 2022 Q and A
QUESTION:
The IRS fined me for making a late tax payment. Can I get them to waive the penalty?
ANSWER:
The IRS may provide relief from a penalty that would otherwise be applicable under its First Time Penalty Abatement policy.You may qualify for a reduction of your penalty for failing to pay taxes on time if the following are true:
- You didn't previously have to file a return, or you have no penalties for the three tax years before the tax year in which you received a penalty.
- You filed all required returns or requested an extension of time to file later.
- You have paid, or arranged to pay, any tax due.
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