All of the information on this page has been reviewed and certified by a tax professional.
Affecting 29.5 million taxpayers annually and there are over 150 different types of IRS penalties.
- Over 150 different types of IRS penalties
- Only 11% of all penalties are abated
- 80% are related to individual taxpayers
- Most common penalty is “failure to pay”
- Failure to pay, estimated tax, and failure to file penalties make up 96% of all penalties for individuals
“The IRS penalized me for late payment, late filing, or an inaccurate tax return”