Will the IRS ever waive penalties ?
Answer:
The IRS will waive penalties when allowed by law if you can show that you acted reasonably and in good faith or relied on the incorrect advice of an IRS employee. The IRS will also waive interest that is the result of certain errors or delays caused by an IRS employee.
Interested in more Late Filing Questions?
- What are the IRS Underpayment Rates for 2013
- How is the IRS late filing penalty interest calculated ?
- Late penalty if expecting a refund and have not filed my tax return and the deadline has passed ?
- Is the tax return considered timely filed if received on the day it was postmarked or the day the IRS received it ?
- Penalties and interest for paying and filing taxes after the due date
