IRS Tax Penalty Waivers Explained by a Trusted CPA!

The IRS waives billions of dollars in tax penalties and interest every single year.

In 2022 the IRS assessed over $73 Billion Dollars in penalties, and waived $51 billion of that amount.

That means that nearly 70% of all penalties they assessed were forgiven.

But sadly, millions of taxpayers pay these penalties without knowing the very basic steps they can take to get them removed.

But today I am going to walk you through my exact process to get these tax penalties removed, so be sure to save this video and let's jump right in.

Get Your Penalties Abated: (0:00)
Late Filing Penalty: (1:35)
Late Payment Penalty: (2:19)
Underpayment Penalty: (3:10)
#1 Firsttime Penalty Abatement: (4:25)
#2 F843 Reasonable Cause Abatement: (5:43)
#3 Make A Deal With The IRS: (7:35)
OfferinCompromise: (8:08)
PPIA: (8:59)

IRS Resources:
Firsttime Abatement: https://www.irs.gov/payments/penalty...
Form 843 Instructions: https://www.irs.gov/instructions/i843
OfferinCompromise Booklet: https://www.irs.gov/pub/irspdf/f656b...
Form 433F: https://www.irs.gov/pub/irspdf/f433f...
Form 9465: https://www.irs.gov/formspubs/about...