Comment on Hit With a Tax Penalty? The IRS Might Give You a Do-Over

Hit With a Tax Penalty? The IRS Might Give You a Do-Over

The IRS assesses billions in tax penalties each year — in 2017, individual taxpayers faced a share of more than $11 billion in penalties — but few people know the agency is sometimes willing to change its mind and reverse certain tax penalties for first-time offenders. Two tax pros offer some insights into how the... Tina Orem is a writer at NerdWallet.

 

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