this post was submitted on 24 Jun 2024
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[โ€“] [email protected] 2 points 5 months ago* (last edited 5 months ago) (1 children)

With no other realized penalty for the individual? Nothing indirect?

[โ€“] [email protected] 3 points 5 months ago

It's the failure to file and failure to pay penalties. The tools we have do a 3 year lookback from the tax year in question for these two penalties and if they don't exist in those three years we can abate any and all of those penalties that would accrue for that tax year.