Hey Mark here with Tax Tip Tuesday. Got a quick one for you. I've just been on hold with the IRS and on the phone with them for about an hour. I had a client who had a penalty - first time ever penalty. So, if you didn't know this, if you do have a penalty, you can request a first-time penalty abatement. However, there are some conditions. If you've been on good terms and haven't had a lot of penalties before, you might qualify. But if you're someone who gets a penalty every year, well, you might not be eligible. However, for most of you, if it's a one-time thing like forgetting to file or pay on time, or if something unexpected happened, you just have to remember to call me. I'll be there to help you request that first-time abatement. Anyway, that's your Tax Tip Tuesday. I'm Mark, the Tax Whip.
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Video instructions and help with filling out and completing Can Form 843 Employed
