Common Mistakes When Applying for First-Time Penalty Abatement

First-Time Penalty Abatement can save you money, but only if you apply correctly. Avoid these common mistakes to ensure your request is successful.

Mistake 1: Not Checking Eligibility Applying without verifying compliance history or filing obligations can lead to unnecessary denials.

Mistake 2: Forgetting Required Forms Always include necessary documentation, such as Form 843 for written requests.

Mistake 3: Failing to Follow Up If you don’t hear back from the IRS, follow up to ensure your request is processed.

A taxpayer submitted an incomplete request for FTA and was denied. After consulting with Arc&Ledger, they refiled with the correct forms and successfully abated a $700 penalty.

How Arc&Ledger Can Help Avoid costly mistakes by letting our experts handle your FTA request. Contact us today for assistance.