The first-time penalty abatement lets qualifying taxpayers reverse the penalties for not filing a tax return or paying on time. Many, or all, of the products featured on this page are from our ...

There are different types of IRS tax penalty abatement and relief, and they can apply differently depending on the type of penalty you receive. If you don’t file a federal tax return or pay the tax ...

Caren Weiner is the lead editor for consumer finance at Forbes Advisor. During her decades as a personal finance journalist, she has covered mutual funds, taxes, banking and health insurance ...