Most people assume IRS penalties are final. They're not.

This guide — written by a former IRS Revenue Agent and Enrolled Agent — explains how IRS penalties actually work, which penalties can be reduced or removed, and the two primary abatement methods most taxpayers don't know about: First-Time Penalty Abatement and reasonable cause relief.

Covers failure-to-file, failure-to-pay, estimated tax penalties, accuracy-related penalties, and the trust fund recovery penalty.

Includes step-by-step instructions for requesting abatement by phone and in writing, what documentation to provide, and what to do if your request is denied.

Written in plain English for small business owners and individuals.

Digital download.