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://choicetaxrelief.com/free-tax-... If you owe the IRS or your state at least $10,000—or have multiple years of unfiled tax returns—you may qualify for a free consultation with Choice Tax Relief. In this video: When the IRS may accept reasonable cause Why documentation is essential How IRS First Time Abatement works Why “first time” does not necessarily mean once in your lifetime The new Automatic Exemption from Penalty beginning in 2026 Which penalties may be eliminated What happens to interest when penalties are removed Why broader tax-relief options may reduce more than penalties alone Official IRS information about administrative penalty relief: https://www.irs.gov/payments/administ... This video is for general informational purposes only and does not constitute tax or legal advice. Results depend on each taxpayer’s individual circumstances. #IRSPenalties #PenaltyAbatement #IRSTaxDebt #TaxRelief #IRSHelp