First Time Penalty Abatement
December 15, 2013 by admin in category irs, Taxes tagged as easonable Cause Assistant, First Time Abate, First Time Penalty Abatement, FTA, IRS, RCAWhat is First Time Penalty Abatement? Back taxes owed to the IRS can be overwhelming — particularly when additional penalties and accumulating interest factor into the equation. The IRS assessed nearly 40 million penalties totaling a staggering $27 billion against taxpayers in 2012 alone. Thanks to the little known First Time Abate (FTA) policy, however, […]
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