IRS Penalty Abatement Explained: Here Are Your Three Options

IRS penalties and the interest charged on them can dramatically increase your tax debt—but there are three major ways taxpayers may qualify to have IRS penalties removed, including a new automatic penalty exemption beginning in 2026. In this video, CPA Logan Allec explains reasonable-cause relief, First Time Abatement, the new Automatic Exemption from Penalty, and what each option can and cannot eliminate. Call 866-8000-TAX (866-800-0829) for a free consultation. Book online: https://choicet...