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Getting FTF and/or FTP penalty abated?

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    Getting FTF and/or FTP penalty abated?

    New client comes me early Oct 2013. Client did not file extension form 4868 and I filed his 2012 tax return prior to Oct 15, 2013. Client receives letter from IRS hitting client with FTF and FTP (approx tax that was owed $1500) penalties plus interest. I asked client if they they ever had FTF in any previous tax years and they replied no. What are the chances of me getting the Failed to File penalty waived?

    #2
    Ftf&ftp penalty

    I have gotten both penalties waived for clients after they paid the original tax owed.It has to be the first time waiver has been asked for.Called PPL and they did it.

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      #3
      It works sometimes

      I called the Practitioner line last week to beg for abatement of a 12K penalty. I had a long sob story ready to go, but the IRS staff simply said "No problem, I have abated the penalties and reduced the interest from $955 to about $75. Is there anything else I can do for you today?"
      Christopher Mewhort, EA
      mewhorttax.com

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        #4
        State returns are difficult to waive FTF/FTP penalties compared to IRS. Just had one rejected this year.
        Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDR

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