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Did you know? IRS late Payment/Penalties Relief

Did you know? IRS late Payment/Penalties Relief

Did you know that the IRS has what is called first-time abatement relief for late filing and late payment penalties?

They do, but they don't always apply it without a little nudging. You qualify for the penalty relief if you have not previously benefited from it and have been compliant in the three prior years.

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Lee Reams, BSME, EA

Lee Reams, BSME, EA

Editor-in-Chief

Besides his role at CountingWorks as an educator and speaker to thousands of accountants nationwide, Lee manages a technical research service for a large group of tax accountants which sharpens his technical skills. Lee served on the Board of Blackline Systems, is a former Board of Director for the California Tax Education Council, is a Past President of the San Fernando Valley Chapter of Enrolled Agents, Member and Past Director for the California Society of Enrolled Agents.

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