Best Tax Attorneys in Bethesda, MD

IRS provides penalty relief for taxpayers as a matter of policy if relief is being granted for the first time. The IRS implemented a first-time abatement (FTA) policy in 2001 to provide relief from penalties in a single year for failure to file, failure to pay, or failure to deposit under certain circumstances. The effects of the COVID-19 pandemic and administrative delays within the IRS have given the FTA policy greater significance. To qualify for relief under the FTA policy, you must generally show three things: filing compliance, payment compliance, and a clean penalty history. Specifically, you must show that you (i) were not required to file a return or have no prior penalties for the preceding three years; (ii) have timely filed (or filed a valid extension) for all currently required returns; and (iii) have paid or arranged to pay any tax currently due. Rather than navigate these tricky waters alone, contact us for a free consultation to see if you qualify.