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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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