Irs First Time Penalty Abatement Letter Sample

Are you in need of an Irs First Time Penalty Abatement Letter Sample? Look no further! Below, you will find examples of letters that you can use as a guide and customize to fit your specific situation.

Explanation of Irs First Time Penalty Abatement Letter Sample

Receiving a penalty from the IRS can be a stressful and frustrating experience. Whether it was due to a simple oversight or circumstances beyond your control, dealing with penalties can be a headache. However, the IRS offers a First Time Penalty Abatement (FTA) program that allows qualifying taxpayers to request abatement of certain penalties for a single tax period. This can provide some relief for taxpayers who have a good compliance history and can show reasonable cause for the penalty.

• Qualifying for FTA
• Reasonable Cause
• Benefits of FTA program

Example of Irs First Time Penalty Abatement Letter Sample

Dear [Recipient’s Name],

I am writing to request abatement of the penalties assessed against me for tax year [insert year]. I believe that I qualify for the First Time Penalty Abatement (FTA) program due to my good compliance history and reasonable cause for the penalties.

During the tax year in question, I experienced [explain the circumstances that led to the penalties, such as a family emergency, health issues, or other unforeseen events]. Despite my best efforts to comply with all tax regulations, I encountered these challenges that were beyond my control.

I have consistently filed my taxes on time and have a clean compliance record. I respectfully request that the penalties be abated under the FTA program. I have attached documentation to support my request, including [list any supporting documents].

Thank you for your attention to this matter. I appreciate your consideration and look forward to resolving this issue promptly.

Sincerely,

[Your Name]