this post was submitted on 24 Jun 2024
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The IRS has what is called a first time abatement of penalties. So if this is the first time in a 3 year span you owe you can have the penalties (not interest) waived.
Wish I'd known this. One year we forgot one of our W2s.
I mean as long as it's been less than two years you can get back any payment of penalties to the IRS.
I believe it was my 2021 taxes (meaning I filed in 2022). Think I still have a shot? I don't remember how much it was but it was definitely more than zero.
The worst they could happen is nothing