RESOURSES

Practical guidance and insights to help you understand your tax situation and explore your options.

Automatic Exemption from Penalty (AEP): How the IRS’s New Automatic Penalty Relief Works
IRS Penalties & Penalty Relief Pavel Kulyavtsev IRS Penalties & Penalty Relief Pavel Kulyavtsev

Automatic Exemption from Penalty (AEP): How the IRS’s New Automatic Penalty Relief Works

For many years, taxpayers with an otherwise good compliance history could rely on the IRS First Time Abate (FTA) program to obtain relief from certain failure-to-file, failure-to-pay, and failure-to-deposit penalties. The IRS is now changing that process through a new program called Automatic Exemption from Penalty (AEP).

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Your IRS Installment Agreement Is Approved. Now What?
IRS Collection & Resolution Pavel Kulyavtsev IRS Collection & Resolution Pavel Kulyavtsev

Your IRS Installment Agreement Is Approved. Now What?

An IRS Installment Agreement can provide much-needed breathing room when you cannot pay your tax debt in full. But an Installment Agreement is not something that should simply be placed on autopilot and forgotten. The agreement resolves how an existing tax debt will be paid. It does not eliminate the taxpayer’s responsibility to remain current with future tax obligations.

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Most Common Tax Problems