Eligible taxpayers may receive automatic penalty relief

Taxpayers with a history of filing and paying on time may now have an easier path to receive penalty relief. 

This summer, the IRS’s new Automatic Exemption from Penalty or AEP will replace the long-standing First Time Abate administrative relief. AEP is designed to eliminate the need to contact the IRS to request relief and reduce burden for those with a timely compliance history.

Read the full article here:

https://www.irs.gov/newsroom/eligible-taxpayers-may-receive-automatic-penalty-relief

Contact us for your tax and accounting needs:

https://wpvcpa.com

(561) 686-8666

sarah@wpvcpa.com

#accounting #business #accountant #finance #tax #bookkeeping #smallbusiness #taxes #payroll #cpa #taxseason #businessowner #incometax #accountants #audit #bookkeeper #taxreturn #taxpreparer #quickbooks #taxconsultant