this post was submitted on 24 Jun 2024
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Asklemmy

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[โ€“] DrPop 9 points 5 months ago (6 children)

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.

[โ€“] [email protected] 1 points 5 months ago (3 children)

Wish I'd known this. One year we forgot one of our W2s.

[โ€“] DrPop 1 points 5 months ago (1 children)

I mean as long as it's been less than two years you can get back any payment of penalties to the IRS.

[โ€“] [email protected] 1 points 5 months ago (1 children)

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.

[โ€“] DrPop 1 points 5 months ago

The worst they could happen is nothing

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