28/07/2026
🚨 IRS Penalty Relief Is Changing in 2026 — What Taxpayers Need to Know
Did you know the IRS has historically allowed qualifying taxpayers to request First Time Penalty Abatement to remove certain tax penalties?
Starting in Summer 2026, the IRS is changing the process with a new Automatic Exemption from Penalty (AEP) program that may automatically prevent certain penalties from being assessed for eligible taxpayers.
But what does this mean if you already have IRS penalties, tax notices, or older tax years with penalties?
Our latest blog explains:
✅ How First Time Abatement worked
✅ What the new IRS Automatic Exemption from Penalty program changes
✅ Which taxpayers may still need to request penalty relief
✅ What steps to take if you receive an IRS notice
At First Financial, we help individuals and businesses navigate IRS issues, reduce unnecessary penalties, and pursue the best possible resolution based on their circumstances.
👉 Read the full article here: https://www.firstfinancial.xyz/post/irs-replaces-first-time-penalty-abatement-program-with-automatic-penalty-relief-in-2026
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For decades, the IRS has provided taxpayers with an important form of penalty relief known as First Time Abatement (FTA)
