The decision to grant the waiver is due to the IRS having suspended late-pay reminders in Feb. 2022 but allowing failure-to-pay penalties to continue to accrue.
The IRS has announced approximately $1 billion in penalty relief for millions of taxpayers that were not sent automated collection reminder notices during the pandemic.
Implemented by the Internal Revenue Service (IRS) in 2001 but infrequently used, it's possible for certain taxpayers to avoid a tax penalty or get their money refunded from the IRS under its First.