The Taxpayer Advocate Service (TAS) is sharing tips for taxpayers who may be eligible for the IRS’s Automatic Exemption from Penalty (AEP) program. You may qualify if you have a history of timely filing and payment compliance. The AEP fully replaces the First Time Abate program for original returns with due dates on or after Jan. 1, 2027, and also may apply to 2025 original returns and 2026 quarterly returns. The TAS says you shouldn’t ignore an IRS notice assessing a penalty. If you don’t receive a separate notice explaining that AEP was applied and you think you may be eligible, call the IRS at the toll-free number on your notice to request penalty relief. For details: https://bit.ly/3Ug5yvf
