Glossary

First-Time Abatement (FTA)

What is the IRS First-Time Abatement (FTA) Program?

The First-Time Abatement (FTA) is an IRS program that allows certain taxpayers to have penalties waived for the first time they fail to file or pay on time. To qualify, a taxpayer must have a clean record for the previous three years and meet other specific criteria.

Glossary Article

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